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Consumer price data released Thursday showed Federal Reserve officials, the White House and American households that inflation continued to slow at the end of 2023, capping a year in which the price increases bedeviling families and policymakers cooled in earnest.Prices overall climbed more quickly in December than November on a yearly basis: 3.4 percent versus 3.1 percent previously, which was more than economists in a Bloomberg survey had forecast.But after stripping out volatile food and fuel prices to get a sense of the underlying inflation trend, a “core” price measure climbed 3.9 percent in the year through December, down from 4 percent previously. That marked the first time the core index has dropped below 4 percent since May of 2021.The data underscores that while inflation remains faster than usual — and month-to-month bumps are still likely as gas prices and other volatil …
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