Retail gasoline prices are lower now than they were in October.
(cristobal herrera-ulashkevich/Shutterstock)A soft landing for the economy still isn’t guaranteed.
But the drop in inflation makes it easier for the Federal Reserve to foam the runway.
The decline in gasoline prices helped, but core prices—which exclude food and energy prices in an effort to better track inflation’s underlying trend—rose just 0.2% from a month earlier.
That put core prices up 4% from a year earlier, the smallest gain since September 2021.
Persons:
cristobal herrera
Organizations:
Federal Reserve, Labor Department