In addition to the United States, UK inflation data also surprised the market with a slower increase in November.
The UK's annual consumer price index (CPI) rose 10.7% last month, lower than expectations for a 10.9% increase by the market.
The reading recorded was also down from a 41-year high recorded in October which rose 11.1%.
Meanwhile, core inflation (excluding energy, food, alcohol and tobacco prices) eased to 6.3% growth from 6.5% in October.
The main contributor to this decline was fuel prices which were unchanged between October and November, compared to a 7.2% increase in the same month in 2021.
Even so, the price of food and non-alcoholic beverages rose 16.4% last month, the highest ever recorded since September 1977.
Although the numbers recorded in the price pressure began to ease, but it did not give much change to the Bank of England's (BOE) interest rate outlook.
Policymakers forecast inflation to remain above the 2% target until 2024 even as the economy slips into recession.
