U.S. consumer price growth slowed in November, underlining arguments for the Federal Reserve to take a pause in monetary policy tightening after the rate hike expected at its meeting next week. The Labor Department said on Wednesday its consumer price index (CPI) was unchanged from a month earlier, slowing from the 0.3% increase seen in November. Analysts had forecast a 0.1% increase. In the 12 months through November, inflation rose 2.2%, in line with expectations and down from 2.5% in October.
Core CPI, a key gauge of underlying consumer price pressures that excludes food and energy costs, increased by 0.2% from a month earlier, matching consensus and the prior increase. The annual increase in the core CPI was 2.2%, also in line with analysts’ estimates. (12.12.2018)
Post by : Republic of Turkey Ministry of Trade