US November CPI Falls to 2.7%, Below Expectations
US inflation eased in November, marking the slowest core CPI growth since early 2021 amid reduced October data collection from the government shutdown.
Summary
In November, the US Consumer Price Index rose 2.7% year-on-year, below the 3.1% forecast. Core CPI increased 2.6% annually, the lowest rate since early 2021, versus expectations of 3.0%. October’s data collection was constrained by a government shutdown. The figures signal a notable slowdown in inflationary pressures.
Terms & Concepts
- Consumer Price Index (CPI): A measure that examines the weighted average of prices of consumer goods and services, indicating inflation levels.
- Core CPI: An inflation measure that excludes volatile food and energy prices to provide a clearer view of long-term price trends.