US Consumer Price Index Remains Stubbornly 55% Higher Than Fed Target

In November 2023, inflation again rose after remaining in neutral in October 2023 pointing towards a twelve month running inflation rate of 3.1% which is 55% higher than the Federal Reserve and US national economic policy targets of 2.0% for a twelve month running inflation rate according to data and analysis from the US Department of Labor Statistics.

While inflation across the board rose by .1%, when removing food and energy data on price changes, inflation for housing and all other economic sectors increased by .3% after increasing .2% in October showing the continuing increases in the cost especially for housing even as the housing market moves into a traditional slow period towards the end of the year.

As with all of our reporting, the basic data and analysis is linked above and here.

We will continue to track this important economic trend and many others while updating you on a regular basis.

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