US annual consumer inflation rises 2.7% in November, meeting estimates

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.