[ad_1]
New York
CNN
—
Another key inflation measure shows price pressures cooled off last month, a hopeful sign that American consumers may soon see the end of decades-high price hikes.
The Producer Price Index, which measures prices paid for goods and services by businesses before they reach consumers, rose 7.4% in November compared to a year earlier, the Bureau of Labor Statistics reported Friday. That’s down from the 8% gain reported for October.
This is a developing story and will be updated.
Source link
