Mumbai, Jan. 23 -- Consumer prices in the U.S. increased in line with economist estimates in the month of November, according to a report released by the Commerce Department on Thursday.
The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in November, matching the growth seen in October along with economist estimates.
The annual rate of growth by the PCE price index ticked up to 2.8 percent in November from 2.7 percent in October, which was also in line with expectations.
Excluding food and energy prices, the core PCE price index still rose by 0.2 percent in November, matching the increases seen in October as well as economist estimates.
The annual rate of growth by the core PCE price...