Inflation falls more than expected ahead of Fed meeting
Inflation expectations also drop, prompting calls for caution from the Fed
Year-on-year consumer price index (CPI) inflation in the US fell to 7.1% in November, lower than the consensus forecast among market participants.
Analysts had predicted CPI would come in at 7.3%, and core CPI at 6.1%. In the event, core CPI inflation over the year also beat expectations at 6%.
Month-on-month inflation was 0.1%. “The index for shelter was by far the largest contributor to the monthly all items increase, more than offsetting decreases in energy indexes,” said the US Bureau of
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