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US CPI ticks down to 3.1% in Nov, core CPI unchanged at 4%

The latest CPI data for US in November aligns closely with market expectations. CPI rose 0.1% mom while CPI core ex food and energy) rose 0.3% mom. Energy index down -2.3% mom, food index rose 0.2% mom.

For the 12 months period, CPI slowed from 3.2% yoy to 3.1% yoy. Core CPI was unchanged at 4.0% yoy. Energy index was down -5.4% yoy while food index was up 2.9% yoy.

Full US CPI release here.

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