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- Inflation is down, but high prices on certain items are still hurting American wallets.
- One problem is day-to-day items are more likely to still have higher inflation.
- Things like used cars and airline tickets are cheaper, but aren't purchased as often.
After the Federal Reserve announced on December 12 that inflation had cooled to 3.1% in November, President Joe Biden didn't celebrate. Instead, he noted that "many Americans still find too many things unaffordable."