Consumer Price Index report will be released on December 11. A slight increase in headline inflation is expected but interest rate cuts may continue.

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.

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.

Inflation rose again in November, matching expectations from analysts in this year’s final report for rising consumer prices ahead of an expected rate cut. Consumer prices rose 2.7% from November 2023 to last month,

The consumer-price index rose 2.7% from a year earlier, a sign that the path to bringing down price pressures remains bumpy.

Consumer price indices (inflation) in Slovakia increased by 3.2% year on year and by 0.2% month on month in November. Inflation accelerated slightly on the 3.1% y/y growth in October and was the third highest this year amid a continued rise in food prices.

Inflation has grabbed headlines since 2020, climbing to the top of the list of concerns for many households globally. But while consumers only notice inflation when it hurts their wallets, organizations like the Federal Reserve monitor it continuously.

Inflation likely hovered at or a little above the Bank of Canada's two per cent target rate in November, economists expect, after Taylor Swift's Eras Tour swept through Toronto and offered a temporary economic boost.

Annual inflation rose to 1% in the 12 months to November, up slightly from the 0.7% annual figure recorded for October. According to the Central Statistics Office (CSO), the hospitality sectors saw the largest rises in prices in the past year with the restaurants & hotels sector recording a 3.