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.
