Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead ...Middle East

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By Alicia Wallace, CNN (CNN) — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. Consumer prices were up 2.7% for the 12 months ended in November, moving higher from the 2.6% annual increase seen in October and marking the highest annual rate since July, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. On a monthly basis, prices rose by 0.3% after rising 0.2% for the prior four months. Economists were expecting inflation to pick up by 0.2% from October and record a 2.7% annual increase, primarily due to unfavorable comparisons from a year ago and

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Last updated : 11 Dec 2024 clock 04:44 PM

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Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead ...Middle East

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