Prices rose less than expected in November, up 7.1% from a year ago


Inflation rose less than expected in November at 7.1% year-over-year

Prices rose less than expected in November, the latest sign that the runaway inflation that has been gripping the economy is beginning to loosen up.

The consumer price index, which measures a wide basket of goods and services, rose just 0.1% from the previous month, and increased 7.1% from a year ago, the Labor Department reported Tuesday. Economists surveyed by Dow Jones had been expecting a 0.3% monthly increase and a 7.3% 12-month rate.

related investing news

The worst of inflation is likely over, but the worst for the economy probably isn't


The increase from a year ago, while well above the Federal Reserve’s 2% target for a healthy inflation level, was tied for the lowest since November 2021.

Excluding volatile food and energy prices, so-called core CPI rose 0.2% on the…


0 0 votes
Article Rating

How to create a financial plan as an unmarried couple

Previous article

Twitter reportedly hasn’t paid rent on its office spaces for weeks

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy