Inflation drops to 7.1% in latest sign of recovery — but 'still too high'

Annual inflation slowed to 7.1% in November, the Bureau of Labor Statistics reported Tuesday, a sign that the price pressures that have wracked the economy over the past year are easing. The much-anticipated numbers revealed that, while inflation is still excruciatingly high, it is starting to cool in response to the Federal Reserve's aggressive interest rate hikes. Inflation had been 7.7% the month before. Read the full story here: https://www.washingtonexaminer.com/policy/economy/inflation-drops-to-7-1-in-november-as-price-pressures-ease Check out our website: https://www.washingtonexaminer.com/