Inflation Slows in the U.S. Contrary to Expectations to 2.7% in November

The annual inflation rate in the U.S. slowed to 2.7% in November contrary to expectations.

SUMMARY

The annual inflation rate in the United States slowed to 2.7% in November, falling short of expectations which had indicated 3.1%. The Bureau of Labor Statistics canceled the release of the Consumer Price Index data for October due to a 43-day government shutdown that affected data collection.

KEY HIGHLIGHTS

The U.S. annual inflation rate reached 2.7% in November after seasonal adjustment.
The Consumer Price Index rose by 0.2% between September and November.
The Bureau of Labor Statistics canceled the October data release due to the government shutdown.

CORE SUBJECT

Inflation Rate in the United States

The annual inflation rate in the United States slowed in November contrary to expectations, and the release of the Consumer Price Index for October was canceled due to the inability to collect price data retrospectively.

The Consumer Price Index recorded a seasonally adjusted increase of 2.7% over the twelve months ending in November, compared to expectations that predicted an acceleration to 3.1%, and after a 3% increase recorded over the twelve months ending in September.

According to data published on Thursday, the Consumer Price Index rose by 0.2% seasonally adjusted during the two months from September to November, and the core inflation index, which excludes food and energy prices, increased by the same percentage, reaching an annual rate of 2.6%.

From September to November, the housing index rose by 0.2%, the energy index increased by 1.1% during the same period, and the food index rose by 0.1%.

The Bureau of Labor Statistics announced that the report "does not include monthly changes for November due to the unavailability of October data," and the bureau canceled the release of the month's data as a result of the government shutdown that lasted 43 days.

KEYWORDS

inflation United States Consumer Price Index economy Bureau of Labor Statistics

MENTIONED ENTITIES 2

Bureau of Labor Statistics

🏛️ Organization

The government agency responsible for publishing inflation and consumer price data in the United States

United States

📍 Location_Country

Country in America