US consumer prices pick up in bumpy path down for inflation
US consumer prices pick up in bumpy path down for inflation
13/12/2023 7:07

US consumer prices picked up in November on increases in housing and other service-sector costs, keeping inflation stubborn enough to thwart any Federal Reserve interest-rate cuts soon.

The consumer price index ticked up after being little changed in October, and when stripping out food and energy costs, the so-called core CPI accelerated on a monthly basis as well, according to government figures. 

Source: Bloomberg

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