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.
Wednesday’s data showed that on a monthly basis, both headline and core inflation — which strips out food and energy prices — rose 0.3 per cent in November. On an annual basis, core inflation ...
The inflation gauge makes up the last piece of significant economic data before the Fed announces its next interest rate ...
Despite a few concerning details, including the stickiness of the shelter component, which contributed nearly 40% of the increase in headline prices last month, the November CPI report came in mostly ...
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