The Labor Department announced on Thursday the U.S. consumer price index (CPI) rose 0.2 percent m-o-m in November after being flat m-o-m in the previous month.

Over the last 12 months, the CPI increased 1.2 percent y-o-y last month, the same pace as in the 12 months through October.

Economists had forecast the CPI to edge up 0.1 percent m-o-m and to climb 1.1 percent y-o-y in the 12-month period.

According to the report, the November gain in the all items index was broad-based, with no component accounting for more than a quarter of the increase. The food index edged down 0.1 percent m-o-m in November, while the index for energy rose 0.4 percent m-o-m.

The core CPI excluding volatile food and fuel costs also increased 0.2 percent m-o-m in November after an unrevised flat m-o-m performance in the previous month.

In the 12 months through November, the core CPI surged 1.6 percent, the same pace as in the 12 months ending October.

Economists had forecast the core CPI to gain 0.1 percent m-o-m and to jump 1.6 percent y-o-y last month.