Market Updates
Consumer Price Inflation Slowed to 3.1%, Core Inflation Held Steady at 4%
Brian Turner
12 Dec, 2023
New York City
The consumer price index in November rose 0.1% from the previous month and increased 3.1% from a year ago, the Bureau of Labor Statistics reported Tuesday.
Core inflation, which excludes food and energy, rose 0.3% in November after rising 0.2% in October.
On an annual basis, core inflation rose 4.0%, matching the expectations set by a group of five economists surveyed by Ticker.com.
Energy prices declined 5.4%, reflecting lower prices for gasoline, while food prices rose 2.9% and shelter costs soared 6.4% from a year ago.
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