Inflation Moderates Slightly but Prices Still Climbing Overall
• Consumer inflation dropped a bit in November but prices still rising overall, up 3.1% year-over-year
• Fuel prices down 10-25% from last year; eggs 22% cheaper
• Some bigger purchases like appliances (10% cheaper) and airfare (12% cheaper) dropping in price
• Health insurance prices fell 30% compared to last year
• Inflation remains above Fed 2% target; rate hikes expected to continue