By Tuba Ongun
The annual consumer inflation rate in the US rose for a second consecutive month to 2.7% in November, in line with estimates, according to official data released on Wednesday.
The figure rose from 2.6% in October partly due to low base effects from the last year.
The annual decline in energy prices continued to slow in November by 3.2% while food inflation accelerated to 2.4%.
Core inflation, stripping out volatile food and energy prices, was constant at 3.3% in November
On a monthly basis, the consumer prices index rose 0.3% in November, after rising 0.2% in the prior 4 months, matching forecasts.