Inflation moved up for the second month in a row, rising a tenth of a percentage point to 2.7% for the year ending in November, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index.

Rising inflation is unwelcome news for President-elect Donald Trump, who will soon inherit the economy from President Joe Biden. It suggests the price pressures that afflicted the country throughout Biden’s tenure have not fully abated.

Recommended Stories

Inflation ticked up to 2.7% in August in Fed’s preferred gauge

Inflation unexpectedly fell to 2.2% in May in producer price index, good news for Fed

Inflation fell to 2.1% in April, lowest since 2021