U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from cutting interest rates

The Consumer Price Index for November indicated inflation rose 0.3% month over month with some grocery prices increasing. NBC News’ Brian Cheung and Investopedia’s Editor-in-Chief Caleb Silver walk through the numbers as prices slowly increase.

Wholesale prices rose more than expected in November, adding to a string of sticky inflation prints. Thursday's report from the Labor Department showed that its producer price index (PPI) — which tracks the price changes companies see — rose 3% from the year prior,