The mainstream media was giddy, and markets responded positively to the November CPI because every metric came in "as expected." But it wasn't a good report if you are hoping for relief from inflation.

Prices rose 2.7% in the 12 months through November, in line with the consensus forecast from economists polled by The Wall Street Journal. That marke

CPI rose by 0.3 percent for the month, as did core CPI. Declines in inflation have clearly leveled off at a pace still in excess of the Fed’s 2.0 percent long-term goal.

Let us start with cereals inflation. The overall cereals inflation for November 2024 was marginally lower at 6.88%. The rural cereals inflation at 7.20% was sharply higher than the urban cereals inflation at 6.13% for November 2024; largely on account of lower cereals output in last Kharif season.

Last month's CPI was forecast to come in at 2.7%, according to economists surveyed by financial data firm FactSet. The Consumer Price Index, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.

Here are the key points to know ahead of the latest consumer-price index, due Wednesday at 8:30 a.m. ET: Prices likely rose 2.7% in the 12 months through November, economists polled by the Wall Street Journal expect.

Financial markets reacted positively to November CPI report, fueling expectations of a Fed rate cut next week. Click for my full analysis of the inflation report.

Israel’s Consumer Price Index (CPI) fell 0.4% in November, more than expected with analysts predicting a 0.2%-0.3% fall, after the CPI rose 0.5% in October. In the twelve months to the end of November 2024,

Dubai’s annual CPI (consumer price index) inflation rate accelerated to 3.0% y/y in November, up from 2.4% the previous month. This marked the fastest pace of annual price growth since August, while on the monthly measure inflation was at 0.5%, up from 0.2% in October, according to Emirates NBD Research.

U.S. stock index futures moved higher on Wednesday as investors stuck to their bets of the Federal Reserve cutting interest rates this month following the release of November inflation data. A Labor Department report showed the Consumer Price Index (CPI) rose 0.

The Consumer Price Index increased 0.3% M/M in November, matching the +0.3% consensus, and slightly accelerating from +0.2% in each of the previous four months, according to Bureau of Labor Statistics data released on Wednesday.