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According to data released by the U.S. Department of Labor on the 12th, the U.S. consumer price index (CPI) in December 2022 fell by 0.1% month-on-month, but increased by 6.5% year-on-year. According to data from the Department of Labor, the inflation situation in the United States continued to improve in December last year. The month-on-month decline in CPI was the largest since April 2020, and the year-on-year increase also narrowed by 0.6 percentage points from the previous month, the lowest level since October 2021. After excluding the volatile food and energy prices, the core CPI rose by 0.3% month-on-month, an increase of 0.1 percentage points from the previous month, and a year-on-year increase of 5.7%, which narrowed the increase. (Xinhua News Agency)
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