Inflation eased in Nov., delayed report shows
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The consumer price index increased 2.7%, short of the forecast and September's 3% rise.
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.
A rise of 3.2% in CPI inflation in the 12 months to November undershoots almost all expectations
Inflation in November fell to 2.7%, the Bureau of Labor Statistics said Thursday, a positive sign for consumers on its face. However, November’s data was collected later than normal. The released figures may include significant holiday discounting,