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Inflation in November fell to 2.7%, the Bureau of Labor Statistics said Thursday, a positive sign for consumers on its face.
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Stocks jumped following the latest reading on consumer inflation that could help set expectations for the path of interest ...
Inflation unexpectedly – and sharply – slowed in November, a seemingly welcome change for Americans weighed down by the persistently high cost of living.
Data collection issues skewed the latest Consumer Price Index report, economists warned, clouding the picture for the Federal Reserve as it also grapples with a cooling labor market.
The Consumer Price Index rose at an annual rate of 2.7% in November, cooler than economists had forecast and a sign that price pressures may be easing.
Among those present were CPI leader Annie Raja, Swaraj India president Yogendra Yadav and economists Jean Dreze, Jayati Ghosh ...