Inflation Up 3.1 Percent in November Over Prior Year, a Slight Easing as Gas Prices Fall While Other Costs Surge

Measured from a year ago, core prices — considered by the Fed a better guide to the future path of inflation — rise 4 percent, the same as in October.

AP/David Zalubowski
An unsold 2023 vehicle at a Mercedes-Benz dealer on November 30, 2023, at Loveland, Colorado. AP/David Zalubowski

WASHINGTON — Inflation ticked down again last month, with cheaper gas helping further lighten the weight of consumer price increases.

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