As per the Labor Department’s report, November’s consumer price index rose just 0.1% from the previous month and 7.1% from a year ago. Economists surveyed by Dow Jones had expected a 0.3% monthly increase and a 7.3% 12-month rate.
Moreover, the Producer Price Index (PPI) for final demand rose 7.4% in November year over year, lower than October’s 8.1%.
