Inflation Retreats From Late-Summer Highs, Nears Fed Target
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American Institute For Economic Research2.12K FollowersFollow5ShareSavePlay(5min)CommentsSummaryInflation was lower than expected in November, the Bureau of Labor Statistics (BLS) reported yesterday, in the first official inflation release since October following the extended government shutdown earlier this fall.Core inflation, which excludes food and energy prices, also rose 0.2 percent over the two-month period, unchanged from September.Despite the uncertainty surrounding the data, the November CPI report is welcome news on the inflation front. Dragon Claws/iStock via Getty Images By Bryan Cutsinger Headline and core inflation both cooled over the past two months, led by softening energy costs. Missing data complicates projections. Inflation was lower than expected in November, the Bureau of LaborThis article was written byAmerican Institute For Economic Research2.12K FollowersFollowAIER educates Americans on the value of personal freedom, free enterprise, property rights, limited government and sound money. Our ongoing scientific research demonstrates the importance of these principles in advancing peace, prosperity and human progress. www.aier.orgFounded in 1933, AIER is a donor-based non-profit economic research organization. We represent no fund, concentration of wealth, or other special interests, and no advertising is accepted in our publications. Financial support is provided by tax-deductible contributions, and by the earnings of our wholly owned investment advisory organization, American Investment Services, Inc. (https://www.americaninvestment.com/)