Inflation eased in Nov., delayed report shows
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Consumer prices rose 2.7% in November compared to a year earlier, marking a notable reduction from 3% year-over-year inflation in September, the most recent month for which complete data is available. Inflation stands at its lowest level since July.
The Bureau of Labor Statistics released the November consumer price index which showed that CPI inflation remained well above the Federal Reserve's 2% target rate.
After a gap in official data, prices rose at a 2.7 percent annual pace last month, according to new data from the Labor Department.
The consumer price index increased 2.7%, short of the forecast and September's 3% rise.
Risks to euro zone growth and inflation are fairly balanced but remain large, so the European Central Bank needs to keep an open mind about future policy moves, Dutch central bank chief Olaf Sleijpen said on Friday.
Newly released inflation data from the Department of Labor shows that prices continue to rise despite President Donald Trump’s repeated assertion that the issue has been resolved during his second term.
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Japan inflation dips to 2.9% in November, driven by slowing food costs; core inflation holds at 3%
Japan’s annual inflation cooled slightly to 2.9% in November, down from the three-month peak of 3.0% seen in October. This easing was largely driven by a significant slowdown in food prices, specifically rice,
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Harvard economist says Trump inflation report leaves 'no other way to spin it' but good news
Harvard economist calls the latest inflation report "positive news" as the rate falls to 2.7%, surprising analysts who expected it to stay above 3%.