Overall Consumer Price Increases Moderate; Menu Prices Tick Down Thanks To Limited Service Price Decline

For the second straight month, the Consumer Price Index compiled and reported monthly by the Bureau of Labor Statistics, cheered investors and economists looking for signs inflation is beginning to cool.   In the broader CPI, most of the important indices other than shelter—rent went up 0.8% month-over-month—saw moderation compared to October. As the BLS…