Consumers may feel relief after inflation slowed in November ...Middle East

A November slowdown in inflation could give consumers relief both from rising prices and rapidly rising interest rates. Consumer price index (CPI) data released Tuesday by the Labor Department still showed inflation near 40-year-highs. But a slower pace of price growth may help Americans catch a break from more than a year of rapid inflation, all while giving the Federal Reserve room to hike interest rates at a slower pace. The annual inflation rate fell to 7.1 percent in November, down from 7.7 percent in October and in line with economist estimates of a 7.3 percent annual inflation rate. Prices rose just 0.1 percent in November alone, down from a 0.4 percent monthly inflation rat

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