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Consumer inflation rises again as 12-month rate hits one-year high, CPI shows
By Jeffry Bartash
Published: Dec 11, 2019 10:47 a.m. ET
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Pace of U.S. inflation still not fast enough to worry the Fed
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Consumers are paying more for gas, rent and health care, but inflation is still fairly low.
The numbers: U.S. households paid more for energy, health care and rent in November, pushing the rate of inflation up to the highest level in a year.
The consumer price index rose 0.3% last month following an even bigger increase in October, the government said Wednesday. Economists polled by MarketWatch had forecast a 0.2% advance.
The recent spike lifted the increase in the cost of living over the past 12 months to 2.1% from 1.8%. That’s the highest level since November 2018.
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http://www.marketwatch.com/story/consumer-inflation-perks-up-in-november-as-12-month-rate-hits-a-one-year-high-2019-12-11
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