These 7 numbers help explain why the economy feels so weird right now
With unemployment at its lowest point in 50 years while food prices soar, even economists are left scratching their heads.
There was a bit of positive economic news Thursday: The rate of inflation slowed for the sixth-straight month, as the latest Consumer Price Index numbers for December showed that prices increased 6.5% over the past year. That’s down from 7.1% in November, and a significant fall from the 9.1% peak in June 2022. It’s also the smallest year-over-year increase in the overall CPI numbers in more than a year, going back to October 2021.
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