Economy May Be Cooling , as Inflation Slows in November.<br />NBC reports that November saw <br />consumer price growth cool, indicating <br />the economy may be slowing down.<br />November data may also be a sign that <br />the Federal Reserve's aggressive rate-hikes <br />to fight inflation are beginning to pay off.<br />In November, inflation hit 7.1%, <br />down from 7.7% in October and below <br />the 7.3% projected by analysts. .<br />According to the U.S. Bureau of Labor <br />Statistics, it is the smallest 12-month <br />increase since December of 2021.<br />NBC reports that the December 13 data also <br />shows the first sustained decrease in gas prices, <br />with the national average dropping to $3.24. .<br />NBC reports that the December 13 data also <br />shows the first sustained decrease in gas prices, <br />with the national average dropping to $3.24. .<br />Slowing demand and increasing supply have also <br />contributed to the cost of durable goods like <br />clothing, electronics and appliances also falling.<br />Slowing demand and increasing supply have also <br />contributed to the cost of durable goods like <br />clothing, electronics and appliances also falling.<br />Last week, another measure of inflation also showed <br />slowing price growth, with notable price drops in <br />airline tickets, car parts and hotel accommodations.<br />Last week, another measure of inflation also showed <br />slowing price growth, with notable price drops in <br />airline tickets, car parts and hotel accommodations.<br />Last week, another measure of inflation also showed <br />slowing price growth, with notable price drops in <br />airline tickets, car parts and hotel accommodations.<br />According to Kelly Blue Book, the price of used cars <br />also continued to fall in November, while new car <br />prices surged amid stronger luxury sales.<br />NBC reports that car prices are the second-largest <br />"core" measure of inflation, with the largest <br />component being the cost of rent.<br />NBC reports that car prices are the second-largest <br />"core" measure of inflation, with the largest <br />component being the cost of rent.<br />According to Apartment List, <br />the national median rent fell by 1% <br />month-over-month in November
