CPI inflation: Price increases in the US ease in November


Price increases in the US eased in recent months, as costs for items including hotels, milk and some kinds of clothing fell.

The latest figures from the Labor Department showed prices rose 2.7% over the 12 months to November. That pace was down from 3% in September and lower than many analysts had expected, potentially bolstering the case for the US central bank to continue cutting interest rates.

The signs of cooling came as frustration over years of rising prices has raised pressure on US President Donald Trump to deliver on his promises of relief.

The consumer price index (CPI) report had been delayed by the US government shutdown, which also prevented collection of some data.


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