U.S. Inflation Slows Unexpectedly in November CPI Report
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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.
Prepared by Christopher Adams and reviewed by editorial team.
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.
- Articles Published:
- 7
- Right Leaning:
- 0
- Left Leaning:
- 1
- Neutral:
- 6
- Distribution:
- Left 14%, Center 86%, Right 0%
Investors, some businesses and financial market participants benefited from a lower-than-expected annual CPI print, which eased near-term interest-rate concerns and reduced immediate market uncertainty.
American consumers and low-income households suffered continued affordability pressures as year-over-year inflation remained above the Federal Reserve's 2% target and energy costs rose in November.
Coverage of Story:
From Left
U.S. consumer prices slowed unexpectedly in November but are still up 2.7% from last year
The Philadelphia InquirerFrom Center
U.S. Inflation Slows Unexpectedly in November CPI Report
Yahoo! Finance 2 News Nevada FinanzNachrichten.de KTBS Market Screener FinanzNachrichten.deFrom Right
No right-leaning sources found for this story.
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