Understanding the November Consumer Price Index Report
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Questions and Answers

What was the percentage increase in the consumer price index (CPI) in November?

7.1%

How did the November CPI increase compare to economists' expectations?

Less than expected

What was the percentage increase in core CPI inflation (excluding food and energy prices) from a year ago?

6%

How did food prices change month over month in November?

<p>Up 0.5%</p> Signup and view all the answers

What was the percentage change in energy prices over the past 12 months?

<p>13.1%</p> Signup and view all the answers

How did the S&P 500 react to the news of lower-than-expected inflation in November?

<p>Increased by 2.7%</p> Signup and view all the answers

What has been the main focus for the Federal Reserve in 2022?

<p>Inflation</p> Signup and view all the answers

How much has the U.S. wages increased year over year in November?

<p>5.1%</p> Signup and view all the answers

What is the Federal Reserve's preferred inflation measure?

<p>Core PCE</p> Signup and view all the answers

When did the Federal Open Market Committee (FOMC) begin raising interest rates in 2022?

<p>March</p> Signup and view all the answers

How much has the FOMC raised rates by in total within less than nine months?

<p>3.75%</p> Signup and view all the answers

What is the market currently pricing in for the Fed's upcoming meeting in December?

<p>A 50 bps rate hike</p> Signup and view all the answers

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