US Inflation in November Declines, Annual Inflation Rate at 1.3%

It’s been a similar inflation story since July — Americans are paying less driving to the grocery store but they’re having to spend more once they get there. Gasoline prices dropped for a fifth straight month in November yet the cost to buy food has climbed during the same period, new inflation figures from the US government show.

Fortunately for most consumers, they’re catching the bigger break by paying less at the pump. Led by plunging energy prices, the cost of living fell last month by the most in nearly six years. Continue reading US Inflation in November Declines, Annual Inflation Rate at 1.3%