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CPI rose 2.7% in Nov. from a year ago
CPI rose 2.7% in November from a year ago as Fed struggles to snuff out inflation
Last month's CPI was forecast to come in at 2.7%, according to economists surveyed by financial data firm FactSet. The Consumer Price Index, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.
November CPI report: Overall and core inflation rise 0.3%. Investors bet on Fed rate cut.
One metric to watch in the CPI data is the year-over-year core CPI, which will play a key role in the outlook for Federal Reserve interest-rate policy, said Brett Kenwell, U.S. investment analyst at e Toro.
Will November's CPI and PPI map out a more difficult path to 2% inflation?
Two important gauges of inflation will be released this week ahead of the Federal Open Market Committee's Dec. 18 rate decision. The November Consumer Price Index will come out on Wednesday and the November Producer Price Index will be issued on Thursday.
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November CPI Up As Expected
CPI rose by 0.3 percent for the month, as did core CPI. Declines in inflation have clearly leveled off at a pace still in ...
1d
VIEW In-line Nov US CPI rise leaves door open for Dec ease
U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal ...
11h
on MSN
US wholesale inflation surged higher in November
US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down ...
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inflation
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