US Inflation Moderates to 2.7% in November, Below Expectations

In November, the U.S. Consumer Price Index (CPI) rose 2.7% year‑over‑year, below economists’ forecast of ~3.1% and down from a 3.0% pace in September. Core CPI, excluding food and energy, also slowed to 2.6%, marking the lowest core inflation since early 2021. The report is the first inflation release since the government shutdown canceled October’s data and could influence Federal Reserve rate decisions going forward. The inflation figure remains above the Fed’s 2% target.