Federal Reserve chair Jerome Powell. Photo: Bloomberg
Underlying US inflation rose in November at the slowest annual pace since early 2021, an unexpected improvement in a report muddled by the government shutdown.
The core consumer price index, which excludes the often-volatile food and energy categories, increased 2.6pc in November from a year ago, according to Bureau of Labour Statistics (BLS) data. The overall CPI climbed 2.7pc in November from a year ago.
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