abc.net.au/news/us-inflation-small-rise-ahead-federal-reserve-interest-rates/101768984Consumer prices in the United States barely rose in November amid declines in the cost of petrol and used cars, leading to the smallest annual increase in inflation in nearly a year.The consumer price index increased by 0.1 per cent in November after a 0.
The consumer price index increased 0.1 per cent last month after advancing 0.4 per cent in October, the Labor Department said. Economists polled by Reuters had forecast the CPI gaining 0.3 per cent. The Fed — in the midst of the fastest rate-hiking cycle since the 1980s — is expected to lift rates by 50 basis points on Wednesday, snapping a string of four straight 75-basis-point increases.Fed chair Jerome Powell said last month that the central bank could scale back the pace of its interest rate hikes "as soon as December".
In the 12 months through November, the so-called core CPI advanced 6.0 per cent after increasing 6.3 per cent in October.
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ABC News proving once again, how truly horrible main stream is & ABC News is among the worst. Activists Proven Right (AGAIN): Keystone Pipeline Suffers Worst Oil Leak In History maga TwitchRecap Mike Leach
Morrison approved tens of billions in foreign takeover deals after secretly being appointed Treasurer last year, compromising Australia’s national interest. Sydney Airport, electricity giants AusNet and Spark Infrastructure. All gone
Not Australia prices of everything you purchase increases daily.
FauciFiles
A decrease in the cost of food would be nice.