Inflation, going in the right direction, is still twice as high as the Fed’s target

Published December 12, 2023 5:43pm ET

For the final consumer price index print we will get this year, the Bureau of Labor Statistics found that headline CPI inflation rose 3.1% for the 12 months ending in November. The Federal Reserve‘s preferred measure of core CPI, which excludes the more volatile measures of food and energy prices, rose 4% for the year ending in November.