The Consumer Price Index increased 0.3% on a seasonally adjusted basis in November, after rising 0.2% in each of the previous 4 months, the U.S. Bureau of Labor Statistics reported Wednesday.

“The November monthly increase in prices for several items indicates that the path to the desired level of inflation is not linear.  Year-over-year price growth began trending upwards since September,” said America’s Credit Unions Senior Economist Dawit Kebede. “However, consumers’ median one-year-ahead price expectations have remained stable during the same period. This anchored expectation is encouraging news for monetary policy considerations.”