Summary
The U.S. government reported that inflation slowed down in November, but warnings have been issued that the data may be unreliable due to delays from a federal shutdown. Despite this slowdown, Americans continue to face high living costs, and the impact of these costs was seen in recent elections. The shutdown and policies like tariffs are affecting economic measurements and decisions.
Key Facts
- November inflation report shows prices rose 2.7% over the past year.
- The report's release was delayed due to a 43-day federal government shutdown.
- The shutdown likely distorted inflation data, making it hard to interpret accurately.
- Consumer prices in September had risen by 3% from the previous year.
- Core inflation, which excludes food and energy, rose by 2.6% in November.
- President Trump's tariffs on imports are adding pressure on prices.
- The Federal Reserve is considering interest rate policies amid economic uncertainty.
- Americans continue to feel the pressure of high costs for essentials like food and housing.
