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 ...
A Federal Reserve rate cut is expected Dec. 18, but the November CPI inflation report could trigger a hawkish shift for next ...
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 ...
New data from the Labor Department shows the consumer price index, a key inflation gauge, rose 0.3% in November. That will ...
Increase in headline rate was expected and will not thwart another quarter-point move but Fed will signal caution ahead ...
CPI printed in-line at .3 on core and headline. Importantly, rent and owners' equivalent rent finally declined to .2 for the ...
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