( ) -q-26- UNDATED (Correspondent Jeremy House) “on interest rates.” Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month. [CutID: <Cuts> CPI-house-q-WEDam.mp3 Time: 26s Title: CPI-house-q-WEDam Out-cue: on interest rates] TAG: Correspondent Jeremy House reporting. The relatively mild increase won’t likely be enough to […]
Audio
Inflation ticked up last month but price pressures remain far below their peak
( ) -q-26- UNDATED (Correspondent Jeremy House) “on interest rates.”
Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month.
[CutID: <Cuts> CPI-house-q-WEDam.mp3
Time: 26s
Title: CPI-house-q-WEDam
Out-cue: on interest rates]
TAG: Correspondent Jeremy House reporting. The relatively mild increase won’t likely be enough to discourage Fed officials from cutting their key rate by a quarter-point.
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VERBATIM: The Labor Department says consumer prices rose 2.7% in November, up from a yearly figure of 2.6% in October. Excluding volatile food and energy costs, so-called core prices increased 3.3%, the same as in the previous month. The November inflation figures are the final major piece of data that Federal Reserve officials will consider before they meet next week to decide on interest rates.