According to Jinshi Data, the Royal Bank of Canada (RBC) projects a modest uptick in the US Consumer Price Index (CPI) annual rate for November, driven by a slower decline in energy prices. This shift may contribute to a slight rise in overall inflation despite easing food price pressures.Stable Core InflationRBC predicts that core CPI, which excludes volatile factors like food and energy, will maintain a steady annual rate of 3.3%, marking its third straight month at this level. This suggests a continued moderation in underlying inflationary pressures.Market ImplicationsThe anticipated uptick in the overall CPI annual rate could influence market expectations ahead of the Federal Reserve's policy decisions. Investors will be closely watching the November CPI data, as it may provide key insights into future monetary policy directions and economic trends.