12/12/2024

Progress on Inflation Stalled in November as Prices Rose

Some are blaming the turmoil related to the uneasy election climate

Inflation remained stubborn this fall, signaling a potentially bumpy road to vanquishing higher prices, which could complicate President-elect Donald Trump’s policy ambitions.

The consumer price index (CPI) increased 2.7 percent in November from a year earlier, according to Labor Department data released Wednesday, hotter than a 2.6 percent annual rise in October, although in line with what economists expected. It was also above September’s 2.4 percent year-over-year rise.

On a monthly basis, inflation was 0.3 percent from October to November, the biggest gain since April, as prices for housing, energy and particularly food all rose.

Please select this link to read the complete article from The Washington Post.