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US CPI inflation print draws caution from economists: 'It’s hard to take this data seriously'
How much is inflation really cooling? Thursday’s release of November’s Consumer Price Index (CPI) data showed inflation unexpectedly eased to an annual rise of 2.7% that month. But monthly comparisons — October data was never collected due to the government shutdown — were absent from the Labor Department’s report, leaving more recent price swings a bit of a mystery for dozens of product categories. Economists treaded lightly following the report. Heather Long, chief economist at the Navy Federal Credit Union, said in an email that Thursday’s report was “the data nerd equivalent of the ‘emperor has no ... (full story)
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Inflation data set for release Thursday morning is expected to show price increases remain above the Federal Reserve's target in the final major piece of US economic data released on an altered schedule due to the government shutdown. The November Consumer Price Index (CPI) report is set for release at 8:30 a.m. ET on Thursday and is expected to show ...
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U.S. consumer prices likely rose at their fastest annual pace in about a year and a half in November, underscoring mounting affordability pressures for American households that economists partly attribute to higher import tariffs. A Reuters survey of economists predicts the Consumer Price Index increased 3.1% year-on-year in November, which would mark the ...