Key Takeaways The Consumer Price Index likely rose 3.1% over the year in November, its highest since May 2024.Tariffs have contributed to increased inflation, despite a cooling of price increases for housing.Forecasters expect inflation to settle down next year as tariff price hikes are expected to come to an end. High inflation just won't die. At least not yet.A belated report Thursday is likely to show the Consumer Price Index rose 3.1% over the year in November, according to a survey of economists by ...