Consumer prices declined for the first time in more than 2-1/2 years in December, while annual inflation dropped below 7% for the first time in over a year and for a sixth straight easing, according to a U.S. government report released Thursday, Jan. 12.
Lower energy prices for the month offset continually higher food and shelter costs, although the price of energy remained stubbornly high compared to a year ago. Continue reading U.S. Inflation Pace Slows for Sixth Straight Month in December