BluePerspectives

Consumer prices rose 3.4 percent in 2023 as inflation plunged

According to Labor Department data released on Thursday, consumer prices grew a little faster in December. This capped off an year of falling inflation. The Consumer Price Index (CPI), an inflation gauge closely watched, rose by 0.3 percent during the final month of 2023. It also rose by 3.4 percent for the past year. While both the monthly…

 According to data released by the Labor Department on Thursday, consumer prices increased substantially more quickly in December, bringing an end to a year of steadily declining inflation. A closely monitored indicator of inflation, the Consumer Price Index ( CPI), increased 0.3 percent in the last month of 2023 and 3.4 percent over the previous 12 months. The regular and… According to data released by the Labor Department on Thursday, consumer prices increased substantially more quickly in December, bringing an end to a year of steadily declining inflation. A closely monitored indicator of inflation, the Consumer Price Index ( CPI), increased 0.3 percent in the last month of 2023 and 3.4 percent over the previous 12 months. While the regular and… 

According to Labor Department data released on Thursday, consumer prices grew a little faster in December. This capped off an year of falling inflation. The Consumer Price Index (CPI), an inflation gauge closely watched, rose by 0.3 percent during the final month of 2023. It also rose by 3.4 percent for the past year. While both the monthly…

  

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