North America Associated Press
Inflation Cools Slightly, But Wallets Still Face Pressure as Prices Easing Slowly
Inflation cooled slightly last month due to falling gas and used car prices, but is still expected to remain elevated in December.
Inflation cooled slightly last month as gas and used car prices fell, a sign that elevated cost pressures are slowly easing, but consumer prices still rose 0.3% in December. The decline in inflation is seen as a positive trend, but experts warn that other factors may continue to pressure wallets. Despite the slight decrease, economists expect inflation to remain elevated in December and potentially into the new year.
Brief written with AI from reporting by Associated Press. All rights to the original story belong to the publisher.