The US core CPI unexpectedly slowed to its lowest level since 2021.

According to a report affected by the government shutdown, the potential inflation rate in the United States rose year-on-year in November, but at the slowest pace since the beginning of 2021. Data released by the U.S. Bureau of Labor Statistics on Thursday showed that the core CPI, which excludes volatile food and energy prices, rose by 2.6% in November. This is lower than the 3% increase two months ago. The overall CPI in November rose by 2.7% year-on-year. Due to the government shutdown, the U.S. Bureau of Labor Statistics was unable to collect most price data for October, which limited its ability to determine a broader inflation index for November and changes in many key categories on a month-on-month basis.