The Bureau of Labor Statistics reported that Annual Inflation fell from 7.75% in October to 7.11% in November 2022. This was down from a peak of 9.06% in June 2022.
Month-to-month inflation was destructive (Disinflation) for November at -0.10%.
That is pretty typical for the fourth quarter, which is historically destructive.
Month-to-month inflation for 2022 was decrease than in November 2021 so Annual inflation fell.
You will need to keep in mind that though the inflation RATE is falling… costs are nonetheless going…
