Summary
Category: business
In November, price increases in the U.S. slowed down as costs for some goods like hotels, milk, and clothing fell. Prices rose by 2.7% over the year, which is less than the 3% increase noted in September. This trend might support further interest rate cuts by the U.S. central bank.
Key Facts
- U.S. prices increased by 2.7% over the 12 months to November.
- The increase in prices was lower than the September rate of 3%.
- Some of the price reductions were seen in items like hotels, milk, and clothing.
- Analysts had expected higher price increases.
- President Donald Trump is under pressure to manage inflation.
- The report from the Labor Department was delayed due to a government shutdown.
- The holiday shopping season may have influenced recent price changes.
- Missing data from October makes it hard to determine long-term trends.
