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US consumer prices rise back to five-month high


U.S. consumer prices rose back to a five-month high in November, ahead of the awaited Federal Reserve rate decision and press conference by Fed Chair Janet Yellen.

The consumer prices index (CPI) showed 0.4 percent rise in November, matching forecasts, after a 0.1 percent surge in October.  

The year-on-year reading soared back again to a five-month high of 2.2 percent from a previous of 2 percent, surpassing projections of 2.1 percent.

Core CPI recorded a 0.1 percent advance, compared to both prior and predicted readings of 0.1 percent increase.

As of 13:35 GMT, the dollar traded lower versus a basket of major currencies at 93.85, according to the dollar index.

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