U.S. Inflation Slows to 2.7% in November Report
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60-Second Summary
Washington — The Labor Department reported Thursday that the Consumer Price Index rose 2.7% year‑over‑year in November, down from 3.0% in September. The release was delayed eight days by a 43‑day federal shutdown that prevented compiling October data and provided markets and policymakers an updated inflation gauge. Energy costs, including sharply higher fuel oil, pushed overall prices, while core inflation excluding food and energy slowed to about 2.6%, the weakest annual gain since March 2021. Economists cautioned the truncated data may distort trends even as inflation remains above the Federal Reserve’s 2% target. Based on 7 articles reviewed and supporting research.
About this summary
This 60-second summary was prepared by the JQJO editorial team after reviewing 7 original reports from San Jose Mercury News, Winnipeg Free Press, Silicon Valley, Spectrum News Bay News 9, 2 News Nevada, WHDH 7 Boston and The Philadelphia Inquirer.
Timeline of Events
- President Trump implemented broad and targeted tariffs earlier, cited as contributing to higher prices.
- September CPI showed a 3.0% year‑over‑year increase; those figures were released Oct. 24.
- A 43‑day federal government shutdown disrupted Labor Department work and delayed data compilation for October.
- The November CPI report was delayed eight days and released on a Thursday, showing a 2.7% year‑over‑year rise.
- Reports noted energy (fuel oil) and a roughly 2.6% core inflation reading; economists warned the truncated data may distort trends.
- Articles Published:
- 7
- Right Leaning:
- 0
- Left Leaning:
- 0
- Neutral:
- 7
- Distribution:
- Left 0%, Center 100%, Right 0%
Investors seeking inflation stability and holders of short-term nominal assets benefited modestly from the slower November CPI print, while energy producers and fuel suppliers saw revenue increases due to higher fuel oil prices.
Consumers and households suffered from persistent price increases and elevated living costs despite month-over-month cooling; lower-income families faced disproportionate strain from higher energy and essential goods prices.
Coverage of Story:
From Left
No left-leaning sources found for this story.
From Center
U.S. Inflation Slows to 2.7% in November Report
San Jose Mercury News Winnipeg Free Press Silicon Valley Spectrum News Bay News 9 2 News Nevada WHDH 7 Boston The Philadelphia InquirerFrom Right
No right-leaning sources found for this story.
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