![Title icon](https://static.semafor.com/_next/static/media/thenews@2x.f322bda2.png)
The News
Inflation in the U.S. has slowed, and core inflation — which excludes food and energy, and is seen by economists as a better predictor of longer-term trends — has recorded the smallest rate rise in more than a year.
![](https://img.semafor.com/8aa51c2878d62d25183f703a72b76c4bb451416e-1240x820.png?w=1920&q=75&auto=format)
![Title icon](https://static.semafor.com/_next/static/media/generaform@2x.fd60ac91.png)
Know More
In November, the Core Price Index (CPI), which tracks the changes in prices consumers will see at stores, rose 0.2%, a 6% rise over the same time last year. Core goods prices fell for a second straight month in November by 0.5%.
The Federal Reserve raised the key interest rate by 50 basis points Tuesday, down from the 75-point hikes recorded earlier this year.
Elsewhere, inflation in Britain also slowed, but at 10.7% remains near its highest level in 40 years.