#Consumer prices rose 3.4 percent in 2023 as inflation plunged
Consumer prices grew slightly faster in December, according to data released Thursday by the Labor Department, capping off a year of plummeting inflation. The Consumer Price Index (CPI), a closely watched gauge of inflation, rose 0.3 percent in the final month of 2023 and 3.4 percent over the past year. While both the monthly and…