Prices Slow Down, but Many Still Struggle

Prices are still going up, but not as fast as before. In November, the cost of living increased by 2. 7% compared to the same month last year. This is a bit lower than the 3% rise seen in September. However, prices did go up by 0. 2% from September to November. The government didn't track prices in October because of a shutdown. This might have made the November numbers look a bit better than they really are. Many people are feeling the pinch. A recent survey found that 71% of Americans say their income isn't enough to cover their monthly expenses. High prices are worrying more people than job security.Some prices, like rent and electricity, have gone up a lot. But other things, like eggs, have become cheaper. Wages are still going up, but not as quickly as before. With fewer job opportunities, workers can't ask for much higher pay. Wealthy families aren't feeling the squeeze as much. But for low- and middle-income families, things are tough. Either wages need to go up, or prices need to stop rising. Some experts think inflation will slow down next year. But others are worried that if prices stay high for too long, people will expect them to keep rising. This could make it harder to control inflation in the future. Last week, the Federal Reserve cut interest rates to help the job market. But they're being careful about making more cuts.