Breaking: US annual CPI inflation declines to 7.1% in November vs. 7.3% expected

The US Bureau of Labor Statistics reported on Tuesday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 7.1% on a yearly basis in November from 7.7% in October. This reading came in below the market forecast of 7.3%.

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Follow our live coverage of the market reaction to US inflation data.