Posted 12/2/2023, 11:30:00 AM
Inflation Eases But Some Prices Still Pinching Americans' Wallets
- A viral $16 McDonald's meal sparked debate about inflation, but Big Macs typically cost much less
- White House says holiday prices are down for gas and groceries, though some necessities remain expensive
- Nobel laureate Paul Krugman declared "victory" over inflation, though prices of some necessities are still high
- Headline inflation has come down from 9.1% in June 2022 to 3.2% in October
- Gas prices have declined over the past year, with the national average now around $3.70 per gallon