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Core inflation excluding food and energy declined from 6.5% in March 2022 to 3.9% by December 2023.

Submitted by ◎ stannebraska (329) 1 month, 3 weeks ago
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The decline in core inflation, which excludes volatile categories, demonstrates that Fed policy affected underlying price pressures across the broader economy.

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Cited as evidence in 1 claim: The Federal Reserve's interest rate hikes reduced inflation… (supports)
Evidence Supporting (1)
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Services inflation decreased from 7.2% in March 2023 to 5.3% by December 2023.
◎ stannebraska (329) · 1 month, 3 weeks ago · discuss
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No opposing evidence yet.

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