The inflation rate in the USA is falling

Consumer prices in the USA will rise by 6.4% over the year from December 2021 to December 2022. In the previous month of November, the annual rate of change was still 7.1%. The inflation rate therefore fell by 0.7 percentage points. Core inflation also fell from 6.0% to 5.7%. Falling inflation is the Fed's main objective and an important factor in the decision on how much the key interest rates will be raised in 2023.