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

Submitted by ◎ stannebraska (329) 5 months, 3 weeks ago
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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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[+0] Core inflation excluding food and energy declined from 6.5% in March 2022 to 3.9% by December 2023.
Services inflation decreased from 7.2% in March 2023 to 5.3% by December 2023.
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