While inflation is still near 40-year highs, there may be some relief for consumers.
- According to data released by the Labor Department on Tuesday, November inflation rose much slower than in previous months.
- Prices rose at just 0.1 percent for November, down from the 0.4 percent inflation rate in October.
- The Consumer Price Index has fallen since June and is expected to continue this trend in winter.
- A decline in inflation could even out rising prices and finally, give consumers the chance to catch up.