Inflation cooled unexpectedly in November
The Washington Post • • general
Key Points:
- Inflation in the U.S. cooled unexpectedly in November, with consumer prices rising at a 2.7 percent annual rate, according to new Labor Department data.
- This rate is lower than the most recent reading from September, indicating a slowdown in inflation.
- Core inflation, which excludes food and energy prices, rose at an annual rate of 2.6 percent, showing improvement compared to September.
- Economists caution that gaps in the data make it premature for the White House to declare a victory over inflation.
