The inflation rate held at 7.1% in the last month under Joe Biden and the Democrats.
US inflation soared under Joe Biden and Democrats skyrocketing to 40-year highs.
The current rate of 7.1% is still the highest inflation number in nearly 40 years since 1982.
The AP reported:
Consumer prices rose 7.1% in November from a year ago, the government said Tuesday. That was down from 7.7% in October and a recent peak of 9.1% in June. It was the fifth straight slowdown.
On a month-to-month basis, the consumer price index rose just 0.1% in November, down from 0.4% in October.
Even with last month’s further easing of inflation, the Federal Reserve plans to keep raising interest rates.
The liberal media and Joe Biden cheered the news.
Joe Biden calls this progress.