Data released moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), which measures inflation, rose by 3.0% in November after stabilizing at 0.2% in the last four months, matching expectations, while the core index, which excludes food and energy prices, stabilized at 0.3%.
On the other hand, the annual index rose over the past 12 months ending in November to 2.7% from 2.6% in October, exceeding expectations that indicated an increase to 2.3%, while the core index stabilized at October levels at 3.3%.
In the details of the index, the food index recorded a growth of 2.4% on an annual basis and recorded an increase of about 0.3% in November, while the energy index rose by 0.2% in November on a monthly basis and decreased by about 3.2% on an annual basis.