US CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Federal Reserve watches when setting interest rates.
Actual
3.1%
Forecast
3.1%
Previous
3.2%
US Inflation Rate (CPI) for Nov came in at 3.1% versus 3.1% expected (previous 3.2%), in line with forecast.
What it meant for the USD
The actual landed in line with the 3.1% forecast. A reading above forecast is generally bullish for the USD, and below forecast bearish.
New to this release? See what US Inflation Rate (CPI) measures, the next release and its full history.