Sometimes boring and predictable can be good things. The latest Consumer Price Index report wasn’t flashy by any means: The inflation gauge that measures price changes for a basket of goods and services ticked down slightly to 3.1% for the 12 months that ended in November, according to Bureau of Labor Statistics data released Tuesday. Stripping out the more volatile components of food and energy, the core index held pat at a 4% year-over-year growth rate, staying at its lowest level since September 2021. The latest CPI report largely came in exactly as economists had expected and served up another piece of evidence that high…
