Pursuits
Consumer Prices in U.S. Increase for Fourth Consecutive Month
- Year-over-year gain in main index is fastest in two years
- Prices also rise excluding volatile food and energy costs
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The cost of living in the U.S. rose for a fourth straight month, adding to signs that inflation is approaching the Federal Reserve’s goal.
The consumer-price index climbed 0.2 percent in November, matching the median estimate of economists, after a 0.4 percent gain the previous month, Labor Department figures showed Thursday in Washington. Excluding volatile food and fuel, the so-called core measure also rose 0.2 percent from a month earlier.