USA: inflation estimated at 2.7% in November

(CercleFinance.com) - According to the Labor Department, the US consumer price index rose by 2.
7% in November 2024 compared with the same month in 2023, an annual rate in line with expectations and up 0.1 points on October.

Excluding energy (-3.2%) and food (+2.4%), two traditionally volatile categories, the underlying annual inflation rate came out at 3.3% last month, a level also in line with economists' forecasts.

On a sequential basis, i.e. between October and November 2024, US consumer prices rose by 0.3%, both unadjusted and excluding energy and food.

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