In November, consumer prices remained flat over the previous month in seasonally adjusted terms, which came in a notch above the 0.1% price drop tallied in October but undershot market expectations that had prices rising 0.1%. The reading reflected lower energy prices (-1.6% month-on-month), which offset higher prices in most other categories, in particular clothing (+0.6% mom). Annual headline inflation moderated for the second month in a row, falling from 3.5% in October to 3.4% in November, thus marking the lowest rate since April. Meanwhile, the closely monitored core inflation index, which excludes food and energy, added 0.2% over the previous month, driving annual core inflation up a notch to 2.2%. Annual average inflation over the previous 12 months was 3.0%. In its latest forecast from November, the Federal Reserve expects PCE inflation (based on the price index for personal consumption expenditures) to average between 2.7% and 2.9% this year and between 1.4% and 2.0% in 2012.
United States Inflation
Inflation continues to moderate
December 16, 2011
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
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October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.