Inflation Acceleration in November

SOURCE www.breitbart.com
Inflation rose at the fastest pace in four months in November, with consumer prices increasing 2.7 percent from a year earlier. Core inflation, excluding volatile food and energy prices, climbed 3.3 percent over the previous 12 months. Despite consumer optimism post-election, the Federal Reserve is still expected to cut rates.

Key Points

  • Consumer price index rose 2.7 percent year-over-year
  • Core inflation climbed 3.3 percent over 12 months
  • Inflation accelerated at the fastest pace since March

Pros

  • Consumer optimism post-election
  • Resilient labor market with more jobs added than expected

Cons

  • Inflation accelerating at a faster pace
  • Federal Reserve's controversial decision to cut rates