US Core CPI Unexpectedly Eases to Slowest Pace Since 2021
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Underlying US inflation rose in November from a year earlier at the slowest pace since early 2021, marking a respite from months of stubborn price pressures, according to a report complicated by the federal government shutdown.The core consumer price index, which excludes the often-volatile food and energy categories, increased 2.6% in November, according to Bureau of Labor Statistics data out Thursday. That compares with a 3% annual advance two months earlier. The overall CPI climbed 2.7% in November from a year ago.