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United States Inflation November 2023

United States: Inflation falls to lowest level since June in November

Inflation eased to 3.1% in November from October’s 3.2%, in line with market expectations. November’s result marked the lowest inflation rate since June but was above the Fed’s 2% target. Looking at the details of the release, prices for housing and food increased at softer rates in November.

In addition, the trend pointed down, with annual average inflation coming in at 4.4% in November (October: 4.7%). Meanwhile, core inflation was unchanged, coming in at October’s 4.0% in November.

Finally, consumer prices rose 0.10% in November over the previous month, accelerating from October’s 0.04% rise.

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