{"id":41039,"date":"2025-12-18T13:51:53","date_gmt":"2025-12-18T13:51:53","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/inflation-slowed-much-more-than-expected-in-november-its-the-first-release-since-the-government-shutdown\/"},"modified":"2025-12-18T13:51:53","modified_gmt":"2025-12-18T13:51:53","slug":"inflation-slowed-much-more-than-expected-in-november-its-the-first-release-since-the-government-shutdown","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/inflation-slowed-much-more-than-expected-in-november-its-the-first-release-since-the-government-shutdown\/","title":{"rendered":"Inflation slowed much more than expected in November. It&#8217;s the first release since the government shutdown."},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/6943104604eda4732f2db8d5?format=jpeg\" alt=\"A person in a store with a shopping cart\"\/><figcaption>The Bureau of Labor Statistics published new inflation data about November on Thursday.<\/p>\n<p>Spencer Platt\/Getty Images<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>The year-over-year inflation rate in November was 2.7%, much cooler than the 3.1% forecast.<\/li>\n<li>It&#039;s the first inflation report since the government shutdown. We won&#039;t have one for October.<\/li>\n<li>BLS published labor market data on Tuesday, bringing even more clarity to the previous murky data picture.<\/li>\n<\/ul>\n<p>The year-over-year inflationrate slowed to 2.7% in November from September&#039;s 3%, the last month with data.<\/p>\n<p>Economists expected a 3.1% rate, which would have been the highest since May 2024.<\/p>\n<p>The Bureau of Labor Statistics won&#039;t be able to calculate an overall consumer price index for October 2025 because the government shutdown that lasted from October to roughly mid-November affected data collection.<\/p>\n<p>Core CPI, which excludes volatile food and energy prices, rose 2.6% from a year ago in November, below the 3% forecast and September&#039;s year-over-year rise.<\/p>\n<p>The food index also increased 2.6% over the year in November, lower than September&#039;s 3.1% rise. Food away from home, such as at restaurants, rose more quickly than food at home, such as groceries, rising 3.7% and 1.9% respectively.<\/p>\n<p>The shelter index, which has generally been rising at cooler rates, rose 3% year over year in November, far below September&#039;s 3.6% increase.<\/p>\n<p>Earlier this week, the BLS also published October and November job growth data, as well as last month&#039;s unemployment rate, providing more clarity to the state of the economy after a murky data picture due to delayed or canceled government data releases. This delayed report showed a mixed labor market, with better-than-expected job growth, unemployment above September&#039;s rate, and wage growth slowing.<\/p>\n<p>Both reports will be helpful for the Federal Reserve&#039;s next interest rate decision. Before the CPI release, CME FedWatch showed a roughly 75% chance that the Fed would hold rates steady, after three straight cuts, and about a 25% chance of a 25-basis-point cut. The Federal Open Market Committee members, who make the federal funds rate decision, won&#039;t meet again until January 27 and January 28, so they will have even more labor market and inflation information before then to make their call.<\/p>\n<p><em>This is a developing story. Please check back for updates.<\/em><\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bureau of Labor Statistics published new inflation data about November on Thursday. Spencer Platt\/Getty Images The year-over-year inflation rate in November was 2.7%, much cooler than the 3.1% forecast. It&#039;s the first inflation report since the government shutdown. We won&#039;t have one for October. BLS published labor market data on Tuesday, bringing even more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-41039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/41039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=41039"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/41039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media\/41040"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=41039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=41039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=41039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}