Delayed report shows cooler-than-expected inflation in November
CBS America · Recent
CBS America
Recent
The Consumer Price Index rose at an annual rate of 2.7% in November, lower than economists predicted, though there is a bit of an information gap due to the government shutdown.
Breakdown
- Consumer Price Index rose 2.7% in November, below predictions
- Government shutdown delayed data, October figures largely missing 33s
- Inflation rate remains above Fed's 2% target despite progress 49s
- Unemployment rate increased to 4.6%, now a bigger concern 1m 12s
- Some grocery prices fell, but beef prices rose nearly 15% 1m 44s