Inflation slowed to 6.5 percent in December: CPI ...Middle East

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Inflation slowed to 6.5 percent in December: CPI
Consumer prices slowed further in December, boosting hopes that the worst of red-hot inflation is behind the U.S. The annual inflation rate fell from 7.1 percent in November to 6.5 percent in December, according to the consumer price index, released Thursday morning. Prices fell 0.1 percent last month after rising 0.1 percent in November. Those figures — which are in line with analyst predictions — mark six straight months of receding annual price growth.  Excluding volatile food and energy prices, inflation rose 5.7 percent over the last 12 months ending in December and 0.3 percent on a month-to-month basis.  “Inflation is on its back heels. Consumer price inflation for Decem

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