Cheaper gas helps drive inflation down again, Fed likely to hold the line this week
While overall inflation has been on a near steady decline since peaking at 9.1% in June 2022, the core annual rate, which strips out volatile food and energy prices, came in at 4% for November, unchanged from the previous month. Falling energy prices helped offset increases in other categories with the average cost of gasoline dropping 6% from October to November and coming in almost 9% lower than this time last year. The national average price of a gallon of regular was $3.14 on Tuesday, with Utah gas prices coming in under the $3 mark at $2.99 on average across the state, according to the ...
Source: yahoo.com
