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Prices fell in December as inflation continues to moderate

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Prices fell in December as inflation continues to moderate

Prices fell in December as inflation continues to moderate. Pictured is a Chevron gas station on January 4, in Phoenix.

For the first time in nearly three years, inflation fell on a monthly basis.

Consumer prices decreased by 0.1% in December, the Bureau of Labor Statistics reported Thursday in its Consumer Price Index. The last time prices were lower than the previous month was May 2020.

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