Inflation ticked up in November, being driven by shelter and food costs. The U.S. annual inflation rate rose for the second month in a row. It’s now at 2.7 percent, according to the Bureau of Labor Statistics, 0.1 percent higher than in October. NTD discusses this with Pete Sepp, president of the National Taxpayers Union, who says two consecutive months of hotter inflation is not a cause for concern for the Federal Reserve, but a third report in a row showing higher inflation may cause the central bank to reconsider any rate cuts they may be planning.