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Trading Economics notes that the consensus estimate of analysts predicted inflation would drop to 3.1%.
Inflation in November was at its lowest level in five months.
The rate of decrease in energy costs quickened, rising from 4.5% in October to 5.4%. Among them, the price of petrol decreased by 8.9%.
In November, food prices grew by 2.9% (+3.3% month over month), while apparel costs increased by 1.1% (+2.6% month over month).
While used automobiles fell by 3.8%, new car prices increased by 1.3%. Growth in transportation costs picked up speed in November, rising from 9.2% in October to 10.1%.
The CPI index saw a 0.1% increase in November over the prior month following a 0% change in October. In November, experts predicted that the index would not change.
source: tradingeconomics.com
Inflation in November was at its lowest level in five months.
The rate of decrease in energy costs quickened, rising from 4.5% in October to 5.4%. Among them, the price of petrol decreased by 8.9%.
In November, food prices grew by 2.9% (+3.3% month over month), while apparel costs increased by 1.1% (+2.6% month over month).
While used automobiles fell by 3.8%, new car prices increased by 1.3%. Growth in transportation costs picked up speed in November, rising from 9.2% in October to 10.1%.
The CPI index saw a 0.1% increase in November over the prior month following a 0% change in October. In November, experts predicted that the index would not change.
source: tradingeconomics.com
