U.S inflation cools as core CPI posts smallest monthly increase in more than a year

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U.S inflation cools as core CPI posts smallest monthly increase in more than a year
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Excluding food and energy, the U.S. consumer price index rose 0.2% in November, indicating the worst of inflation has likely passed. Read on.

Excluding food and energy, the consumer price index rose 0.2 per cent in November and was up six per cent from a year earlier, according to a Labor Department report Tuesday. Economists see the gauge — known as the core CPI — as a better indicator of underlying inflation than the headline measure.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againThe overall CPI increased 0.

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