Business

US Annual Inflation Rate Ticks Up for 2nd Straight Month on Higher Shelter, Food Costs

Inflation’s path to the Federal Reserve’s 2 percent target could be a bumpy one.
US Annual Inflation Rate Ticks Up for 2nd Straight Month on Higher Shelter, Food Costs
People shop on Black Friday at a mall in Hanover, Md., on Nov. 29, 2024. Madalina Vasiliu/The Epoch Times
Andrew Moran
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The U.S. annual inflation rate rose for the second straight month as shelter and food costs added to price pressures last month.

According to the Bureau of Labor Statistics, the November annual inflation rate climbed to 2.7 percent from 2.6 percent in October.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."