π CPI November
Core inflation in the US cooled more than expected in November, hitting its lowest level in over four years at 2.6%. Shelter costs remain elevated while other categories show mixed pricing pressures. October data was unavailable due to a government shutdown.
- Core inflation (excluding food and energy) fell to 2.6% year over year in November 2025
- This is the lowest rate since March 2021 and below the expected 3%
- Shelter costs rose 3% over the past year
- Medical care increased 2.9% annually
- Household furnishings and operations up 4.6%
- Recreation rose 1.8%
- Used cars and trucks increased 3.6%
- October data is missing due to a 43 day government shutdown
- Monthly rates for November were not released as a result