Economic indicators point to easing inflation and stable housing costs in the US

Consumer prices in the US increased slightly in November, with an annual inflation rate of 3.1%, down from 3.2% in October. The decline in gas prices contributed to the slowdown in inflation, while shelter costs continued to rise. Core inflation, which excludes food and energy prices, held steady at 4%. Despite moderating inflation, the Federal Reserve has not ruled out a rate hike in December. Holiday spending is expected to surpass pre-pandemic levels, causing concerns about high credit card debt.