The US Consumer Price Index, on a yearly basis, is expected to rise 3.1% in November, at a slightly softer pace than the 3.2% increase recorded in October. The Core CPI figure, which excludes volatile food and energy prices, is forecast to hold steady at 4% in the same period.
The monthly CPI and the Core CPI are seen rising 0.1% and 0.3%, respectively. Oil prices continued to decline in November, with the barrel of West Texas Intermediate falling another 7% after declining about 10% in October. Meanwhile, used car prices fell 2.1% in November, bringing the annual rate of fall to 5.8% in that period, according to the Manheim Used Vehicle Index.
The monthly CPI and the Core CPI are seen rising 0.1% and 0.3%, respectively. Oil prices continued to decline in November, with the barrel of West Texas Intermediate falling another 7% after declining about 10% in October. Meanwhile, used car prices fell 2.1% in November, bringing the annual rate of fall to 5.8% in that period, according to the Manheim Used Vehicle Index.
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