Investing.com – Core consumer price inflation in the U.S. rose in line with expectations in November, official data showed on Wednesday.
In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy rose by 0.10% in November, up from a flat reading of 0.0% in October.
The report said that consumer prices including food and energy costs rose less-than-expected in November, increasing by a seasonally adjusted 0.1%, after rising by 0.2% in October.
Analysts had expected consumer price inflation to rise by 0.2% in November.
According to the data, year-on-year, consumer prices rose by 1.1% in November, after rising by 1.2% in October.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.29% to hit 1.3339.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures pointed to a drop of 0.10%, S&P 500 futures pointed to a decline of 0.26%, while the Nasdaq 100 futures were down 0.29%.
In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy rose by 0.10% in November, up from a flat reading of 0.0% in October.
The report said that consumer prices including food and energy costs rose less-than-expected in November, increasing by a seasonally adjusted 0.1%, after rising by 0.2% in October.
Analysts had expected consumer price inflation to rise by 0.2% in November.
According to the data, year-on-year, consumer prices rose by 1.1% in November, after rising by 1.2% in October.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.29% to hit 1.3339.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures pointed to a drop of 0.10%, S&P 500 futures pointed to a decline of 0.26%, while the Nasdaq 100 futures were down 0.29%.