November US CPI Falls Short of Market Expectations
US core CPI growth slowed to its lowest pace since early 2021, amid partial October data unavailability caused by the government shutdown.
Summary
A government shutdown-affected report showed November US core CPI rose 2.6% year-on-year, the lowest since early 2021, while headline CPI increased 2.7%. October’s inflation data was largely unavailable due to disruptions in data collection. These figures continue to reflect moderating inflation trends.
Terms & Concepts
- CPI (Consumer Price Index): A measure that examines the average change in prices paid by consumers for goods and services over time.
- Core CPI: A version of the Consumer Price Index that excludes volatile food and energy prices to better reflect underlying inflation trends.