Across the board, the Consumer Price Index (CPI) report for November matched economists' expectations. Month over month, the index rose 0.3%. Year over year, it rose 2.7%. Stripping out the more volatile food and energy prices, the index rose 0.3% from October and 3.3% from a year ago. The report shows that shelter costs continue to be a big contributor to inflation.

Morning Brief Anchors Seana Smith and Brad Smith report the breaking details.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Stephanie Mikulich.