CPI report shows the inflation rate rose at a 2.7% pace in November
Economists had expected CPI to rise at an annual rate of 3% last month.
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Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.
Mary has reported on climate, housing, elections, and small businesses for The Guardian, City Limits and local publications in Brooklyn and the Bronx. She holds a master's degree from the Craig Newmark Graduate School of Journalism at CUNY and a bachelor's degree from the College of the Holy Cross.
Prior to her career in journalism, Mary spent five years working in communications.
Economists had expected CPI to rise at an annual rate of 3% last month.
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