Services inflation decreased from 7.2% in March 2023 to 5.3% by December 2023.

Submitted by ◎ stannebraska (329) 1 month, 3 weeks ago

[unresolved] [no evidence] [quiet] [stable] [undecided]

Higher interest rates cooled demand for services, a sector particularly responsive to monetary policy changes.

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Cited as evidence in 1 claim: Core inflation excluding food and energy declined from 6.5%… (supports)

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