US CPI YoY Dec - Core inflation remains high

2024-01-08
Summary:

US inflation rose 3.1% YoY in November, as expected. However, core inflation remains high at 4%, surpassing the 2% target.

US CPI YoY Dec


11/1/2023 (Thu) 


Previous: 3.1% Forecast: 3.3%


inflation in the US was up 3.1% from a year ago in Nov, in line with expectations. But core inflation rose 4% year-over-year, which is still above the 2% target.


Thanks to a steep decline in energy prices, that was a bit slower than the inflation reflected in Oct’s prices, as last month the CPI was up 3.2% over the previous year. And core prices were the same at 4%.


Consumer prices has cooled sharply since mid-2023. Policymakers suggested that the central bank is shifting toward the next phase in its fight against rapid inflation in its Dec minutes.

US CPI YoY Dec

Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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