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US Inflation Slowed to 2.7% in November as Shutdown Distorts Data

U.S. inflation eased in November in what economists said likely reflected distortions caused by the government shutdown, creating an uncerta...
Shoppers at Macy’s in midtown Manhattan on Nov. 21, 2025. The latest Consumer Price Index, released by the Bureau of Labor Statistics on Dec. 18, rose 2.7% from the same time last year. That fell short of the previous 3% pace and was well below economists’ expectations — likely reflecting what they called distortions caused by the government shutdown. (Vincent Alban/The New York Times)

US Inflation Slowed to 2.7% in November as Shutdown Distorts Data

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Futures-options traders work on the floor at the New York Stock Exchange's NYSE American (AMEX) in New York City, U.S., December 15, 2025. (Reuters/Brendan McDermid)

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Raphael Bostic, President of the Federal Reserve Bank of Atlanta walks into the three-day "Challenges for Monetary Policy" conference in Jackson Hole, Wyoming, U.S., August 23, 2019. (Reuters/Jonathan Crosby)

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Image of Federal Reserve Governor Lisa Cook in a black dress with a white necklace in front of a blue and purple sign that says "Monetary Policy"

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 26, 2025. (Reuters File)

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Futures-options traders work on the floor at the New York Stock Exchange's NYSE American (AMEX) in New York City, U.S., November 10, 2025. (Reuters/Brendan McDermid)

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