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.
Inflation increased in November, complicating Fed's next rate decision
The inflation gauge makes up the last piece of significant economic data before the Fed announces its next interest rate decision on Dec. 18. A finding of accelerated price hikes may give the Fed pause as it weighs interest rate cuts.
Inflation ticked up again in November. Will the Fed cut rates next week?
Still, Barclays expects inflation to resume its descent, falling to 2.1% by spring before President-elect Donald Trump’s threatened tariffs on imports boost price increases back to 2.6% by the end of 2025, assuming he imposes the levies. Core inflation is expected to end next year at 3.1%, also virtually flat, Barclays predicts.
November wholesale inflation data showed an unexpected increase. Producer Price Index (PPI) increased by 0.4% compared to ...
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Inflation rose in November for second month in a row, up to 2.7%Here are the latest inflation numbers for November. The new numbers come a month after the consumer price index ticked up for ...
Increases in prices for groceries and gasoline outweighed disinflation in categories such as shelter, according to the ...
Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the ...
U.S. producer prices increased by the most in five months in November, but easing costs of services such as portfolio ...
Inflation has been cooling notably after peaking in 2022, but in recent months it has shown signs of stalling.
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