Data released moments ago by the U.S. Bureau of Labor Statistics shows that the Consumer Price Index (CPI), which measures inflation, rose by 0.2% after seasonal adjustments in the two months from September to November. The core CPI, which excludes food and energy prices, also rose by 0.2%. Meanwhile, the annual CPI for the past 12 months rose to 2.7%.

In a more detailed breakdown, the housing index rose by 0.2% month-on-month, the food index by 0.1% month-on-month and 2.6% year-on-year, and the energy index by 4.2% year-on-year and approximately 2.1% month-on-month.