U.S. CPI rises 2.7% year-over-year in November, meeting expectations

The U.S. Consumer Price Index (CPI) rose by 2.7% year-over-year in November, aligning with the expected 2.7%, according to data from the U.S. Bureau of Labor Statistics shared by Investing.com. On a monthly basis, the CPI increased by 0.3%, meeting market forecasts of 0.3%. The core CPI, which excludes the volatile food and energy sectors, climbed 3.3% from a year earlier, meeting the anticipated 3.3%, and saw a monthly rise of 0.3%, meeting the expected 0.3%.