On December 2, core inflation as determined by the Consumer Price Index (CPI) significantly slowed, falling to 4.9% in November 2024 from 7.2 percent in October 2024.
The CPI-based inflation rate for the same month last year (November 2023) was 29.2%, according to PBS data.
Compared to a 1.2% gain in the prior month, it increased by 0.5% month over month in November 2024.
