U.S. Inflation Rose 0.3% In November, Higher Than Expected

Summary

  • Headline inflation, which was higher than expected in November, has now topped 2.0% for the first time since November 2018.
  • Core inflation matched expectations but remained moderately high at 2.3% year-over-year.
  • Non-seasonally adjusted inflation declined 0.05%, meaning principal balances for all TIPS will decline slightly in January.

As is often the case, a main factor in November’s all-items increase was a 1.1% increase in the price of gasoline, which is still down slightly (1.2%) year over year. But other prices also showed marked increases.

Read my full analysis on Seeking Alpha.com

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About Tipswatch

Author of Tipswatch.com blog, David Enna is a long-time journalist based in Charlotte, N.C. A past winner of two Society of American Business Editors and Writers awards, he has written on real estate and home finance, and was a founding editor of The Charlotte Observer's website.
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