November’s inflation report came in cooler than expected. As per the Labor Department report, the consumer price index rose just 0.1% from the previous month and 7.1% from a year ago. However, food prices rose 0.5% for the month.
Although food inflation remains high, holiday food shopping continues in full swing. Data from the Food Industry Association (FIA) revealed that shoppers are spending more money at stores than in 2021, despite high costs.
