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.
The consumer-price index rose 2.7% from a year earlier, a sign that the path to bringing down price pressures remains bumpy.
Washington Examiner on MSN2d
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Prices rose 2.7% in the 12 months through November, in line with the consensus forecast from economists polled by The Wall ...
Consumer prices in France were up 1.7% year-on-year in November, statistics office INSEE said on Friday, in line with its ...
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