US Consumer Price Index comes in hot again as inflation progress slows

Source: Axios

“The Consumer Price Index rose 2.7% in the 12 months through November — a bigger increase than the prior month — while the core measure that excludes energy and food prices rose 3.3%, the Labor Department said on Wednesday. Inflation has plunged since the height of the crisis, but progress on cooling it further stalled out again last month. … What looked like slowing rates of price gains earlier this year has given way to fears that inflation might get stuck above the 2% level desired by policymakers.” (12/11/24)

https://www.axios.com/2024/12/11/cpi-report-november-inflation-economy