Signs of sticky inflation reared their head once again this week, as CPI for November ticked back up to 2.7% for the metric’s second consecutive month of sequential acceleration, while Core CPI remained stuck uncomfortably north of 3% and the Producer Price Index grew at its fastest annual rate in nearly two years.
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Signs of sticky inflation reared their head once again this week, as CPI for November ticked back up to 2.7% for the metric’s second consecutive month of sequential acceleration, while Core CPI remained stuck uncomfortably north of 3% and the Producer Price Index grew at its fastest annual rate in nearly two years.