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International Business Times
International Business Times
Business
AFP News

EXPLAINED: Us consumer inflation rises for second straight month in november | Vintage Vibes

Inflation is on the rise in the United States as President Joe Biden prepares to hand over to Donald Trump (Credit: AFP)

US consumer inflation ticked up for a second consecutive month in November, driven by housing and food prices among other sectors, according to government data published Wednesday, complicating the Federal Reserve's rate cut deliberations.

The consumer price index (CPI) rose to 2.7 percent last month from a year ago, up slightly from 2.6 percent in October, the Labor Department said in a statement.

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