What to Expect From This Week’s Inflation Report

The Consumer Price Index Likely Changed Little In November, Forecasters Say

by Diccon Hyatt
Investopedia

Inflation has barely budged in recent months, and that trend is likely to continue in November.

An inflation report from the Bureau of Labor Statistics due Wednesday is likely to show the Consumer Price Index, a measure of the cost of living, rose 2.7% in the 12 months ending in November, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal.

That would be up from a 2.6% annual increase in October and the highest inflation rate since July, marking a setback in the Federal Reserve’s battle to get inflation down to a 2% annual rate and keep it there.

Bureau of Labor Statistics via Federal Reserve Economic Data. “Consumer Price Index for All Urban Consumers: All Items in U.S. City Average.”

Progress against inflation has stalled in recent months, contrasting earlier in the year when price increases were notably decelerating.

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