In November, the core CPI in the United States rose by 2.6% year-on-year, marking the lowest growth rate since 2021, showing a signal of cooling inflation.
According to the Wall Street Journal app, data released by the US Bureau of Labor Statistics on Thursday showed that, excluding the volatile food and energy categories, the core Consumer Price Index (CPI) rose 2.6% year-on-year in November. By comparison, the annual inflation rate was 3% two months ago. Overall CPI rose 2.7% year-on-year in November. This report, which has been complicated by the federal government shutdown notice, shows that the potential inflation rate in November was the slowest since the beginning of 2021, marking a respite from stubborn price pressures that have persisted for several months.
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