Some pressure is relieved by a slowdown in US Inflation
Some pressure is relieved by a slowdown in US Inflation. The latest indicator that prices are cooling is the slowing of inflation in the United States last month. This is despite the continuing pressures on American households. The government announced Tuesday that consumer prices increased 7.1% in November compared to a year ago. This was a sharp decline from the October peak of 7.7% and June's record high of 9.1%. This was the fifth consecutive decline. The consumer price index rose 0.1% when it was measured from month-to-month, giving a more current snapshot. Core inflation, which excludes volatile energy and…