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The good news is that consumer prices increased in December
US Consumer prices rose in December from the previous month and did not fall as previously thought, according to revised data from the Bureau of Labour Statistics (BLS). The November and October revisions show slight Shifts in the month-on-month inflation trend for 2022 with a change of 0.1 percentage points. The November and October revisions…
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Unemployment could make a house price slump worse.
The pace of year-over-year price increases in the US slowed for the first time this year in September, according to a government report. The pace of year-over-year price increases grew at an annual rate of 3.3%, compared with a 4.8% rise in August, the Bureau of Labour Statistics said. This comes amid rising mortgage rates…