Analysts at Westpac note that in November, US headline inflation accelerated as gasoline prices jumped while headline consumer prices gained 0.4% in the month and 2.2% over the year, up from 2.0%yr in October.
“Core inflation however surprised to the downside, rising by just 0.1% as health care and clothing costs weighed.”
“Annual core CPI inflation is currently at 1.7%yr, a level that has been maintained for the past six months.”
“Come December, a 0.2% rise in headline and core inflation is expected as energy price inflation abates and food remains broadly neutral. If the monthly gain comes in as expected, then annual core inflation will hold at its current level.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.