The US consumer price index rose 0.3 per cent in November, after rising 0.2 per cent in each of the previous four months, the US Bureau of Labour Statistics reported.
Over the last 12 months, the all-items index increased 2.7 per cent, up from 2.6 per cent the previous month.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com