Consumer prices decreased by 0.1% in December, the Bureau of Labor Statistics reported Thursday in its Consumer Price Index. The last time prices were lower than the previous month was May 2020. The closely watched inflation gauge also showed that year-over-year prices continued to cool last month, slowing to 6.5%, from 7.1% in November. It’s the smallest annual increase since May 2021. Stripping out food and energy prices, which tend to be more volatile, core CPI came in at 5.
7%, down from November’s 6% annual rate and up 0.3% from the month before. It’s the first inflation report of the new year — and the last before the Federal Reserve meets at the end of the month to determine how aggressively it will tackle rising costs. 2022 was a rickety ride for Americans. Prices skyrocketed during the first half of the year, with inflation hitting 9.1% at its crest in June. It’s been coasting downward in the months since. This story is developing and will be updated.
BS. Stop covering up the failures of this administration. The truth is that egg average price increases from $1.5 to $4.25 between 2021 and 2023. That's 183%. Source: USDA
This is why cnn ratings are on the toilet
Because it’s so high. And the fed is making it fall
Great news. Before spiking the ball as a Biden win, remember this is what the start of a recession sometimes looks like.
Costco chicken thighs went from 0.99 to 1.49 in the last 2 weeks. Is that Costco gauging or is inflation misinformation?
Actually go to the grocery store, then tell me that.
Yet, prices continue to climb.
So can we now admit we've been in a recession or nah?
Is this your way of getting people to support raising the debt ceiling again instead of cutting the budget and egging spending under control
Tell that to my grocery store.
Where is the cnn debt ceiling article?
3 years? You mean since Biden took over.
Lies
Thank you President Biden.
Fuel prices have dropped around because of the drop in demand it has nothing to do with Biden- CNN stop lying for Biden..
Well, that’s good news … sort of. It only cost us a recession.
TeeTweetsHere It usually happens when Democrats are in control.
Before you go spewing the propaganda bullshit… let’s all just observe that inflation is still the highest in 40 years, 1/4 of Americans can’t afford their utilities, Natural gas in California is up 300% YOY, eggs dairy meat all up. CC debt highest since ‘08 🤡🤡🤡🤡🤡🤡🤡🤡🤡
Bullshit lies
Hey Nathaniel… How many companies are owned by BILLIONAIRES ? Is that a coincidence?
CNN Fake news! Fox terrible brain wash News! CNBC leftist news!
Inflation coming down is not the same thing as prices coming down. economics101
Make up your mind.
You’re really setting the bar low, inflation is still 6%
More accurate: the first time inflation has fallen since Biden took office. Inflation at 1.5% when Biden took office. Now 6.5%!!!. Biden’s high inflation costing Americans hundreds of dollars per month.
shh the GOP don't want hear that
Bullsh*t CNN!
Wow. You finally published a non anti-Biden piece.
No kidding, wonder why 🤔 oh we have a real president looking out for everyone!
🤡
Because inflation was inflated
Nah. Media often rewrites press releases from the Whitehouse.
It only started going up properly 2 years back..
Hard for it to not when it’s as high as it is
Are you serious. Again cause the problem then it will naturally come back and fall this means nothing.
Surely you just ….. any news on credit card debt ? Anyone? Hello ? Woo hoo over here !!! The most in history
As does the viewership of CNN
This is the only inflation that fell👇🏽
Since Biden took office. Typical, increase then take credit for its decrease!!
Tell that to my mother’s $9.99 eggs
Inflation is still high.
Where? Gas prices still high, groceries are still high?
Could be because we are entering if not already in a recession?
Eggs 8 bucks a dozen in California …..bluestate
We have High food prices, High fuel prices, High everything prices! High prices are Permanent and will Never go Down due to democrats spending Trillions $ of your money! Prices go Up 100% and then democrats want you to celebrate when they go down 5%!
People still believe this gaslighting and lying Democrat propaganda outlet?
The rate of inflation growing fell. But we still have inflation. Will we see price of most necessity goods fall back down to 2019 level? The answer is no. But politicians and the media might make it sound like it's a great thing. We went from worst to bad/just okay. 🤐
Narrative instead of news. Yup..it’s CNN.
My gas, heating, grocery costs, etc. are still sky high!!!
Hmmm? Eggs have gone up 2 dollars this week, bread is 6 bucks, pack of crackers ( nabs) 1.25, 6 bucks for Fritos… gas went up 30 cents since Wednesday …. I’m sure you and your colleagues are high 5ing, because inflation doesn’t affect you and the beautiful elite people.
Carry that water CNN
That's a funny way to say that's inflation is still happening
Remember a few months ago when they told us it was 0 because 8% two months in a row wasn't a higher rate?
So prices are reducing? stay tuned!
👀😂😂😂
Still missing the 1.6% from President Trump’s administration
Even Joe knows
Not feeling it!!
Someone needs to tell them at the cash register / they ain't/ they don't know it !!!!! Must be from the bottom up stuff. Y'all got to stop standing on us bottom people to get to the middle out .!!!! 👴
It in fact did not. I know this because all of my groceries cost more. every construction material we have purchased for our house renovations MORE MONEY. The price of concrete alone has gone up $18 per yard since April, fuel surcharge not included in that fee. Quit lying.
Core was up. And that’s what is professionals watch for. This is not exactly true cnn. Shame on you.
With Regards,is there any scrutiny,With Regards,Ripan
😂🤡
Cover the Twitter Files. The economic forecast for 2023 is very poor
More FAKE NEWS CNN eggs $8.00 a dozen , lettuce $6.00 a head , gas $3.50 a gallon , heating oil $4.10 a gal so please stop with your BS.
Some prices did fall, like gas which is always lower in winter than in summer. Overall, prices are still going up. The only thing that has decreased is the rate at which they're increasing. Get it?
Why are we arguing with cnn and not doing what other countries are doing and taking to the streets and making rich people scared in their own homes
Nope
CNN spreading more crap. Covering for Joe.
cnn bullshit !
Inflation still at 6.5. Prices for food is still 40% higher than January 2021
Not they did not. The rate of inflation slowed but prices continued to rise. Maybe CNN should take an Economics 101 class.
Remember how Biden took credit for this, does that mean he's responsible for the subsequent increase after Christmas as well? Is he responsible for the egg shortage due to consumers refusing to pay farmers more, even though they are price gouging in the stores? Run that...
Prices did not fall, they just are not going up as much. There is still inflation. Brain numb. Reduction in the inflation rate.
Who does your grocery shopping?
Of what exactly? Cause gas is not about to hide that eggs is $6
Paid 43$ for 25 ft of 12 wire today gtfoh
Have you been to the grocery store!!
Sure it did
not for eggs or half & half.