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.
Consumer prices increased 0.3% in November and 2.7% YOY, the Labor Department reported Wednesday. Click here to read what ...
Inflation increased at its fastest monthly rate since the spring and saw its highest annual rate of increase in several ...
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