Inflation Accelerated in November, Rising 2.7% For the Year

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Title : Inflation Accelerated in November, Rising 2.7% For the Year
Link : Inflation Accelerated in November, Rising 2.7% For the Year

Prices rose at the fastest pace in four months in November, the second consecutive month of accelerating inflation.

The consumer price index rose 2.7 percent from a year earlier, the Department of Labor said Wednesday. Core inflation, a metric that excludes volatile food and energy prices, climbed 3.3 percent over the previous 12 months.he results matched the forecasts of economists surveyed by Econoday.

Compared with a month ago, the broad index of consumer prices rose 0.3 percent, the fastest pace of inflation since March. If that pace of inflation were to continue for a year, prices would rise 3.8 percent. Core prices also rose 0.3 percent for the month—which was also the fastest pace since March. (Read More)