{"id":2522662,"date":"2025-12-18T10:21:00","date_gmt":"2025-12-18T15:21:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-dropped-to-2-7-in-november-report-delayed-by-shutdown-shows\/"},"modified":"2025-12-18T10:24:47","modified_gmt":"2025-12-18T15:24:47","slug":"inflation-dropped-to-2-7-in-november-report-delayed-by-shutdown-shows","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-dropped-to-2-7-in-november-report-delayed-by-shutdown-shows\/","title":{"rendered":"Inflation dropped to 2.7% in November, report delayed by shutdown shows"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finflation-dropped-to-2-7-in-november-report-delayed-by-shutdown-shows%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2522662&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A recent report from the Bureau of Labor Statistics, delayed by a government shutdown, shows that inflation unexpectedly dropped to 2.7% for the year ending in November, lower than the forecasted 3.1%.This decrease suggests that the impact of President Trump&#8217;s tariffs on price increases was less significant than feared. core inflation, which excludes volatile food and energy prices, also fell to 2.6%. While prices for some food items like pork chops, milk, eggs, and cheese decreased, others such as ground beef and steaks rose substantially. Energy costs have been mixed, with electricity prices rising but gasoline costs remaining stable. The report arrives amid ongoing concerns about the labor market, which is showing signs of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/recession-and-a-pay-cut-gop-blasts-slowing-job-growth-sub-zero-real-wages-under-biden\/\" title=\"\u2018Recession and a Pay Cut\u2019: GOP Blasts Slowing Job Growth, Sub-Zero Real Wages Under Biden\">slowing job growth<\/a> and a slight rise in unemployment to 4.6%. The Federal Reserve, which has recently cut interest rates, regards this inflation data as encouraging, potentially allowing it to focus more on addressing labor market weakness. president Trump continues to advocate for lower interest rates and will soon have the chance to nominate the next Fed Chair.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Inflation dropped to 2.7% in November, report delayed by shutdown shows<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2415603\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/inflation\/\">Inflation<\/a>&nbsp;unexpectedly dropped three-tenths of a percentage point to 2.7% for the year ending in November, according to an update to the consumer price index released Thursday by the Bureau of Labor Statistics.<\/p>\n<p>Forecasters had expected that inflation would rise to 3.1%. Thursday&rsquo;s report is the first after the end of the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/government-shutdown\/\">government shutdown<\/a>, which delayed key employment and inflation data. The last report was for September, as October&rsquo;s report was canceled. The CPI&rsquo;s release was closely anticipated by the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\">Federal Reserve<\/a> and investors.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/healthcare\/3925703\/louisiana-joins-florida-texas-challenging-fda-policy-mifepristone\/\">Louisiana joins Florida and Texas in challenging FDA policy over mifepristone<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/justice\/3925642\/government-admits-fault-dca-crash-wholly-avoidable-tragedy\/\">Government admits fault in Ronald Reagan Washington National Airport crash: &lsquo;Wholly avoidable tragedy&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/investigations\/3919851\/millions-potentially-illegal-contributions-flooded-politics-2025\/\">Millions in possibly illegal contributions have flooded politics this year<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3924577\/major-bipartisan-bill-to-counter-housing-crisis-advances-in-house\/\">MAJOR BIPARTISAN BILL TO COUNTER HOUSING CRISIS ADVANCES IN HOUSE<\/a><\/strong><\/p>\n<p>The lower inflation reading suggests that the price pressures from President Donald Trump&rsquo;s tariffs were not as strong as originally feared, data that will undoubtedly be touted by the Trump administration, which has embarked on a historically aggressive tariff agenda.<\/p>\n<p>&ldquo;The November&nbsp;CPI&nbsp;report suggests that a loosening labour market and moderating wage growth, combined with limited pass-through of tariffs and moderating shelter costs, are&nbsp;finally corralling inflation,&rdquo; BMO senior economist Sal Guatieri wrote in a note on the report. Guatieri added that the Fed&rsquo;s monetary policy committee &ldquo;will take much comfort from the report, allowing it to focus on addressing the weakness in labour markets.&rdquo;<\/p>\n<p>Core&nbsp;inflation, a measure that strips out volatile food and energy&nbsp;prices, fell four-tenths of a percentage point to a 2.6% annual&nbsp;rate.<\/p>\n<p>From September to November, prices rose 0.2%.<\/p>\n<p>There has been some price relief on key food items.<\/p>\n<p>For instance, the price of pork chops has fallen 6.3% over the past year, milk and egg prices have fallen on an annual basis, and the cost of cheese and related products has declined by 2.4% over the past year &mdash; all good news for consumers. The prices of certain fruits have also dropped since November 2024.<\/p>\n<p>Still, some items are still far more expensive than a year ago.<\/p>\n<p>Ground beef prices increased by nearly 15% in November from a year ago, according to the most <a href=\"https:\/\/amzn.to\/3YuVZYV\" >recent consumer price index report<\/a>. Uncooked beef roasts are up 21.2% and steaks cost more than 14.7% more.<\/p>\n<p>Energy prices have been difficult for some consumers. Electricity prices have gone up nearly 7% in the past year, although gasoline costs have not increased much since this time last year, which is good news for consumers.<\/p>\n<div class=\"infogram-embed\" data-id=\"3534a0c2-455a-4982-a3f1-33fee41b2938\" data-type=\"interactive\" data-title=\"November 2025 CPI\"><\/div>\n<p><script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script>    <\/p>\n<p>This latest CPI reading adds to other economic data that has been trickling in since the government shutdown ended after a record 43 days.<\/p>\n<p>The Federal Reserve&rsquo;s preferred inflation gauge, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-numbers-are-in-bidens-inflation-is-not-going-away\/\" title=\"The Numbers Are In, Biden\u2019s ... Is Not Going Away\">personal consumption expenditures index<\/a>, showed inflation rising one-tenth of a percentage point to 2.8% for the year ending in September.<\/p>\n<p>The Fed is closely tracking all the inflation data, given it has a dual mandate: price stability and maximum employment.<\/p>\n<p>Recent employment reports have shown job growth slowing. Still, underlying strength in the labor market has restrained the Fed from loosening monetary policy quickly. <\/p>\n<p>The economy <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3918701\/economy-64000-jobs-november-facts-figures\/\">added 64,000 jobs in November<\/a>, and the unemployment rate rose to 4.6%, the Bureau of Labor Statistics said Tuesday. Job growth in recent months appears to be running below the rate needed to keep unemployment from rising. <\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3916652\/trump-wants-next-fed-chair-consult-with-him-interest-rates\/\">TRUMP WANTS&nbsp;NEXT&nbsp;FED&nbsp;CHAIR&nbsp;TO CONSULT WITH HIM ON INTEREST RATES AND GET THEM DOWN TO&nbsp;1%<\/a><\/strong><\/p>\n<p>The Fed last met earlier this month and decided to <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/3913463\/fed-cuts-interest-rate-target-but-future-uncertain-as-trump-pushes-looser-money\/\">cut its rate target<\/a> by another quarter of a percentage point. Still, most investors expect the Fed will <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/analysis-latin-america-after-record-tightening-could-lead-way-on-rate-cuts\/\" title=\"Latin America, having experienced significant tightening, may pave the way for rate cuts.\">hold rates steady<\/a> at its next meeting in January 2026, according to the CME Group&rsquo;s FedWatch tool, which calculates the probability using futures contract prices for rates in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/powell-set-to-testify-before-congress-heres-what-to-expect\/\" title=\"Powell set to testify before Congress \u2014 here&#039;s what to expect\">short-term market targeted<\/a> by the Fed.<\/p>\n<p>Trump has been pushing the Fed hard to lower interest rates, and he will get the chance to nominate a replacement for Fed Chairman Jerome Powell next year, a replacement that will likely share the president&rsquo;s vision for lowering the Fed&rsquo;s rate target.<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation fell to 2.7% in November, report delayed by shutdown reveals<\/p>\n","protected":false},"author":3360,"featured_media":2522663,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/12\/AP25344796012391.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[55325,9168,39629,5708,69018],"class_list":["post-2522662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-economic-data","tag-economy","tag-government-shutdown","tag-inflation","tag-november-report"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/12\/AP25344796012391.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2522662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2522662"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2522662\/revisions"}],"predecessor-version":[{"id":2522666,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2522662\/revisions\/2522666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2522663"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2522662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2522662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2522662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}