Inflation rises 2.7% in November, in line with expectations

Published On Dec 11, 2024, 8:32 AM

November saw a 2.7% rise in inflation, matching economists' expectations. The consumer price index (CPI) increased by 0.3% for the month, highlighting persistent price increases in everyday goods. Core prices, which exclude food and energy, also rose by 0.3% month-over-month. This data is central as the Federal Reserve prepares for its upcoming meeting, where discussions on interest rate adjustments will be pivotal.