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.
The index for rent in the November CPI data rose 0.2%, according to the data released Wednesday. That's the lowest reading since July 2021. Owners equivalent rent, which estimates what homes would receive from renting their homes, rose 0.2%, the smallest gain since April 2021.
Overall Consumer Price Index rose by 0.31% (+3.8% annualized) in November, the sharpest increase since April. The 3-month ...
Inflation has risen since the summer and raised anxiety at the Federal Reserve, but a welcome slowdown in housing costs could ...
Meanwhile, annual inflation has been rising each month for three months: Annual inflation back in September was 2.4%, in ...
Energy continues to play the primary role in bringing down inflation. Shelter, which is the largest component of the ...
U.S. stock index futures moved higher on Wednesday as investors stuck to their bets of the Federal Reserve cutting interest ...
While the increase in the US CPI for November seems to be relatively moderate, media attention on this issue has intensified, ...
Increase in headline rate was expected and will not thwart another quarter-point move but Fed will signal caution ahead ...
U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal ...
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