November 2024 CPI shows 2.7% YoY increase, 0.3% MoM increase, and core inflation steady.

The U.S. Bureau of Labor Statistics released the latest reading of the consumer price index this morning.

Here’s a look at the November numbers:

YoY: Consumer prices increased by 2.7%, matching expectations

MoM: 0.3% increase vs. 0.2% increase expected

Core YoY: 3.3% increase, matching expectations

Core MoM: 0.3% increase, matching expectations