This is the inflation breakdown for December 2022 — in a single chart

Vital Points

The inflation level fell yet again in December, to 6.5% on an yearly basis, according to the purchaser price index. That’s down from 7.1% in November and a 9.1% peak in June 2022.
Buyers truly noticed general deflation throughout the thirty day period mainly owing to plummeting gasoline price ranges from November to December. Regular monthly CPI declined .1%.
“I will not consider men and women will be chatting about inflation this time upcoming calendar year,” explained Mark Zandi, main economist at Moody’s Analytics.

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