U.S. Consumer Inflation Moderates Amid Delayed Government Data
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60-Second Summary
Washington. U.S. consumer prices rose 2.7% year over year in November, the Labor Department reported Thursday after a delayed data collection caused by a 43 day federal government shutdown. Core CPI, excluding food and energy, increased 2.6%. The report lacked October monthly detail because the BLS could not gather data during the shutdown, and analysts warned the timing of holiday discounts may have depressed late month prices. Energy prices rose, while housing costs showed little change in the period. Policymakers and markets will await December data for clearer inflation and policy trends. Based on 6 articles reviewed and supporting research.
About this summary
This 60-second summary was prepared by the JQJO editorial team after reviewing 6 original reports from Free Malaysia Today, Fight Back! News, Chicago Tribune, 2 News Nevada, Nikkei Asia and UnionLeader.com.
Timeline of Events
- Oct 24: BLS published September CPI, the last full monthly release before the shutdown interruption.
- Early October–November: A 43 day federal government shutdown disrupted BLS price collection operations.
- October monthly CPI and the October unemployment rate were not published due to missing data.
- Dec 18: The Labor Department released November CPI showing 2.7% YoY and core CPI 2.6% YoY.
- Mid/late December: Analysts and policymakers called for December data to assess whether November moderation is durable.
- Articles Published:
- 6
- Right Leaning:
- 1
- Left Leaning:
- 1
- Neutral:
- 4
- Distribution:
- Left 17%, Center 67%, Right 17%
Short-term beneficiaries included investors and policymakers who noted lower-than-expected November CPI easing near-term inflation pressures, while retailers gained from holiday discounting that likely depressed late-month prices.
American consumers, particularly renters and urban wage earners, suffered from sustained year-over-year price increases and uncertainty created by missing monthly data that obscured near-term cost-of-living trends.
Coverage of Story:
From Center
U.S. Consumer Inflation Moderates Amid Delayed Government Data
Free Malaysia Today Chicago Tribune 2 News Nevada Nikkei Asia
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