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That's covid nbc news business and data reporter, brian chan with a breakdown of the numbers. >> we have some important data on thursday morning in the form of inflation. giving us a picture of what inflation look like in america as of december, the end of 2022. here is the magic number. 6.5%, and that is how much prices increase between december of last year and december of the year prior. which is a step down from the 7.1% that we have seen in november. but those who might even further, here is a line chart of the year over year changes over time. we can see that we have come down quite a lo...
Up a newly minted billionaire. >> great to dream, right? invest, yeah. buy us some nice things. that's how you can invest your money if you are the lottery winner. there is good news for the economy. there are new signs that inflation is finally slowing down, but a lot of consumers aren't exactly feeling that just yet because the cost of basics like food and housing still remain high. >> you know fears of a recession are still looming with that on their minds. regulators have more work ahead to get inflation bags to a healthy level. christine romans with more. >> a turning point in the natio...
Here in europe, as michelle fleury explains. if you ask americans what they think about patient they will tell you they feel squeezed. the cost of several grocery staples from eggs chicken actually went up in december. even wrapper cadi be you would think has a penny or two despair has been complaining about the price of lettuce. —— cardi b. overall the inflation picture in america is actually improving. year over year and nation slowed to 6.5% from 7.1% in november and it is a similar picture once you strip out volatile food and energy costs. so core inflation came in at 5.7% down from it...
Home instead. apply now. we're going to bring you right now president biden speaking making remarks as expected on the economy and inflation. let's take a listen. >> good morning. today we have some good news, good news about the economy, for the sixth month in a row inflation has come down. measured over last 12 months it has fallen to 6.5%. that is down from 7.1% the month before. and it is down from 9.1% this summer. and inflation is now as lowest level since october of 2021. when we look at the last three months, we see that inflation fell to 1.8% on an annualized basis. it is down for m...