CPI Comes In Hotter Than Expected On Hotel, Airline Fares; Used Car Prices Drop
The latest inflation print for the month of November came in hotter than expected, with the BLS reporting that headline and core CPI rose by 0.2%, above expectations of a modest 0.1% increase. Both prints were 0.0% in October. The food index decreased 0.1% in Nov. after rising 0.2% in Oct, while the Energy index…