FXstreet.com (Barcelona) - Inflation at consumer level soared in the United States in November on the back of a sharp increase on energy, Core CPI posted the largest increase in ten months, according to data by the US Labor Department.
Consumer prices have risen 0.8% in November from October, somewhat above the 0.6% increase expected, and following a 0.3% increase in October. The Core CPI, which excludes food and energy prices rose 0.3%.
On the year Consumer prices have jumped 4.3%, pushed by a 21.8% increase in Energy prices, with transportation growing at a 9.6% pace and food and beverages 4.7% up. Excluding food and energy, CPI increased 2.3% on the year.