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.
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, ...
Retail inflation slowed to 5.48 per cent in November compared to 6.21 pc in October, mainly due to easing food prices, ...
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