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US Inflation Cools To 7.1% In November, Worsens In Some Parts Of MD

Photo Caption: (Flag of MD - Michael Wheeler/Public domain)
<div class="styles_HTMLContent__LDG2k"> <p><a rel="nofollow" href="https://www.bls.gov/news.release/cpi.nr0.htm" _mce_href="https://www.bls.gov/news.release/cpi.nr0.htm" target="_blank">Inflation slowed again in November</a>, with prices up 7.1 percent compared to a year ago. That's down from 7.7 percent in October and down from the recent peak of 9.1 percent in June, the government said Tuesday in a report.</p> </div> <div class="styles_HTMLContent__LDG2k"> <p>Driving the trend was&nbsp;<a rel="nofollow" href="https://gasprices.aaa.com/" _mce_href="https://gasprices.aaa.com/" target="_blank">less expensive gasoline</a>. Tuesday's average price for a gallon of regular gasoline in Maryland was $3.275, compared to $3.325 at this time last year.</p> <p>Cheaper electricity and used cars were other contributors to the slow in inflation on the national level.</p> </div> <div class="styles_HTMLContent__LDG2k"> <p>The pain of&nbsp;<a rel="nofollow" href="https://www.bls.gov/news.release/cpi.t04.htm" _mce_href="https://www.bls.gov/news.release/cpi.t04.htm" target="_blank">inflation also varies by region</a>.</p> <p>In the Mid-Atlantic, November inflation was the same as it was in October. The Bureau of Labor Statistics said the region's inflation has risen by 0.2 percent since September, however. The Mid-Atlantic's November 2022 inflation is still 6.4 percent higher than November 2021.</p> </div>
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