Economy, Americas

US annual consumer inflation rises 2.7% in November, meeting estimates

Consumer prices index up by 0.3% month-on-month in November, official data reveals

Tuba Ongun  | 11.12.2024 - Update : 11.12.2024
US annual consumer inflation rises 2.7% in November, meeting estimates

ANKARA

The annual consumer inflation rate in the US rose for a second consecutive month to 2.7% in November, in line with estimates, according to official data released on Wednesday.

The figure rose from 2.6% in October partly due to low base effects from the last year.

The annual decline in energy prices continued to slow in November by 3.2% while food inflation accelerated to 2.4%.

Core inflation, stripping out volatile food and energy prices, was constant at 3.3% in November

On a monthly basis, the consumer prices index rose 0.3% in November, after rising 0.2% in the prior 4 months, matching forecasts.

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