According to Jinshi Data, the Royal Bank of Canada expects the US overall CPI annual rate to rise slightly to 2.7% in November from 2.6% in October. Energy prices may continue to fall year-on-year, but the rate of decline will slow, pushing up overall inflation.
Food price increases are likely to fall slightly again. Excluding volatile factors (food and energy), the core CPI annual rate is expected to remain stable at 3.3% for the third consecutive month.