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November inflation picks up on energy costs
Softer details of latest CPI report could play a role in timing and number of rate increases in 2018
Add BT as a preferred sourcePublished Wed, Dec 13, 2017 · 09:50 PM
Washington
US inflation picked up in November thanks to a jump in energy prices yet unexpectedly cooled when excluding food and fuel costs, which could factor into Federal Reserve discussions this week on how fast to raise interest rates.
The consumer price index (CPI) rose 0.4 per cent from the prior month, matching the median estimate of economists, a Labor Department report showed on Wednesday.
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