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CPI Data Released, US Inflation Rises to 3.8%

Published by
Nidhi Kolhapur

Fresh U.S. inflation data just delivered another upside surprise, reinforcing fears that inflation is heating up again. Headline CPI rose 3.8% year-over-year in November, above the 3.7% forecast and sharply higher than the previous 3.3% reading. Core CPI also climbed to 2.8%, beating expectations. On a monthly basis, core inflation accelerated 0.4%, signaling persistent price pressures across the economy. The hotter-than-expected report could strengthen the Federal Reserve’s “higher for longer” stance, reducing chances of near-term rate cuts and increasing volatility across stocks and crypto markets.


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Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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