Inflation rises 0.1% in November, slightly more than expectedDecember 12, 2023 at 08:36 AM EST
The Labor Department released the closely watched November consumer price index report on Tuesday, revealing just how hot inflation was running last month.
The Labor Department said Tuesday that the consumer price index, a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.1% in November from the previous month, slightly more than expected. Prices climbed 3.1% from the same time last year, which is in line with estimates by Refinitiv economists. This is a developing story. Please check back for updates. 
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