U.S. Inflation Slows to 2.7% in November Report
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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.
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Timeline
- 1. President Trump implemented broad and targeted tariffs earlier, cited as contributing to higher prices.
- 2. September CPI showed a 3.0% year‑over‑year increase; those figures were released Oct. 24.
- 3. A 43‑day federal government shutdown disrupted Labor Department work and delayed data compilation for October.
- 4. The November CPI report was delayed eight days and released on a Thursday, showing a 2.7% year‑over‑year rise.
- 5. Reports noted energy (fuel oil) and a roughly 2.6% core inflation reading; economists warned the truncated data may distort trends.
Sources
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