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Wednesday, February 26, 2020
HomeNewsEconomyConsumer Price Index (CPI) Edges Out Consensus Forecast for November

Consumer Price Index (CPI) Edges Out Consensus Forecast for November

Consumer Price Index (CPI) graphic concept. (Photo: AdobeStock)

The Consumer Price Index (CPI) rose 0.3% in November on a seasonally adjusted basis, beating the consensus forecast, the U.S. Bureau of Labor Statistics reported.

That follows a 0.4% gain in October. Over the last 12 months, the all items index increased 2.1% before seasonal adjustment.

Forecasts ranged from a low of 0.0% to a high of 0.3%. The consensus forecast was 0.2%.

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Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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