ECONOMY

U.S. Inflation Slows Unexpectedly in November CPI Report

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60-Second Summary

Washington — The Labor Department reported Thursday that U.S. consumer prices rose 2.7% in November from a year earlier, slowing from a 3.0% increase in September. The 43‑day federal government shutdown prevented collection of October price data, delaying the report and cancelling month‑to‑month October figures. Core consumer prices, excluding food and energy, rose 2.6% year‑over‑year, while energy costs climbed about 4.2% in November. Economists had forecast a 3.1% annual increase. Financial markets and policymakers adjusted expectations. The Bureau of Labor Statistics advised caution interpreting missing October observations and published two‑month and year‑over‑year measures. 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 Yahoo! Finance, The Philadelphia Inquirer, 2 News Nevada, FinanzNachrichten.de, KTBS and Market Screener.

Timeline of Events

September CPI reported a 3.0% year‑over‑year increase (September data released Oct. 24).
A 43‑day federal government shutdown prevented collection of October CPI and some labor data.
The BLS canceled the October month‑to‑month CPI release and did not publish an October unemployment rate.
On Dec. 18 the Labor Department published the delayed November CPI: 2.7% year‑over‑year, core 2.6%.
Economists and officials advised caution interpreting trends due to missing October observations; markets adjusted expectations.