lost in melb.
01-13-2023, 08:22 AM
The inflation rate in the U.S. decelerated to 6.5 per cent in December, mostly due to much cheaper gasoline.
https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-inflation-cpi.png?s=cpi+yoy&v=202301121450V20220312
The U.S. Bureau of Labor Statistics said that on a monthly basis, the cost of living actually declined by 0.1 per cent from November to December. The biggest reason for that decline was a large drop in the price of gasoline.
Pump prices fell by 9.4 per cent during the month, $3.27 US per gallon, on average, across the country. That's the equivalent of roughly $1.15 Cdn per litre.
In June, the average price of a gallon of gas topped $5.
https://www.cbc.ca/news/business/us-inflation-december-1.6711469
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Excuse the Canadian article.
The GDP even grew by 2% in December. I hope we can make similar improvements in Australia.
https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-inflation-cpi.png?s=cpi+yoy&v=202301121450V20220312
The U.S. Bureau of Labor Statistics said that on a monthly basis, the cost of living actually declined by 0.1 per cent from November to December. The biggest reason for that decline was a large drop in the price of gasoline.
Pump prices fell by 9.4 per cent during the month, $3.27 US per gallon, on average, across the country. That's the equivalent of roughly $1.15 Cdn per litre.
In June, the average price of a gallon of gas topped $5.
https://www.cbc.ca/news/business/us-inflation-december-1.6711469
_______________________________________
Excuse the Canadian article.
The GDP even grew by 2% in December. I hope we can make similar improvements in Australia.