Consumer Prices in the U.S. Align with Expectations

Forex - In November, consumer inflation in the U.S. came in line with market expectations on both a monthly and annual basis. According to the U.S. Department of Labor data, consumer prices increased by 2.7% in November compared to the same month last year, matching the market expectation of 2.7%.

On a monthly basis, consumer prices also rose in line with expectations. Markets were anticipating a 0.3% increase, and it rose by 0.3%.

Core inflation, excluding food and energy, increased by 0.3% monthly and 3.3% annually. Analysts had projected a monthly increase of 0.3% and an annual increase of 3.2% for core inflation.

In the country, energy prices rose by 0.2% on a monthly basis but declined by 3.2% annually, while food prices increased by 0.4% monthly and 2.4% annually.

In January, real average weekly earnings grew by 0.3%.