US inflation rose for second straight month: What are the challenges for Trump now?
3 months, 2 weeks ago

US inflation rose for second straight month: What are the challenges for Trump now?

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President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated Inflation in the United States ticked up for the second consecutive month in November. The consumer price index, a key measure of inflation, rose to 2.7 per cent year-on-year in November, up slightly from 2.6 per cent in October, according to Labour Department data released Wednesday. Challenges for the incoming administration President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign, pledging to deliver relief to households squeezed by rising prices. Core inflation, which excludes volatile food and energy prices, remained elevated at 3.3 per cent year-on-year in November.

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