Updated: 18-Dec-25 09:26 ET
| November CPI |
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| Updated: 18-Dec-25 09:26 ET |
Highlights
- Total CPI for the two-month period from September to November was up 0.2% (Briefing.com consensus: 0.3%). Core CPI, which excludes food and energy, was also up 0.2% for the two-month period (Briefing.com consensus: 0.3%).
- Note: The October data were not available due to the government shutdown.
- On a year-over-year basis, total CPI increased 2.7% versus a prior 3.0%, and core CPI was up 2.6% versus a prior 3.0%.
Key Factors
- From September to November, the shelter index increased 0.2%.
- From September to November, the energy index increased 1.1%.
- From September to November, the food index increased 0.1%.
Big Picture
- The key takeaway from the report is twofold: first, it is a messy report because of the lack of October data, but secondly and more to the point today, the disinflation in the year-over-year readings is a welcome sight for policymakers and market participants.
| Category | NOV | OCT | SEP | AUG | JUL |
| All Items | -- | -- | 0.3% | 0.4% | 0.2% |
| Food and Beverages | -- | -- | 0.2% | 0.5% | 0.0% |
| Housing | -- | -- | 0.2% | 0.4% | 0.2% |
| Equivalent Rent | -- | -- | 0.1% | 0.4% | 0.3% |
| Apparel | -- | -- | 0.7% | 0.5% | 0.1% |
| Transportation | -- | -- | 0.8% | 0.9% | 0.0% |
| Vehicles | -- | -- | 0.0% | 0.4% | 0.1% |
| Motor Fuel | 3.0% | -2.1% | 4.1% | 1.9% | -2.2% |
| Medical Care | -- | -- | 0.2% | -0.2% | 0.7% |
| Educ and Commun | -- | -- | 0.0% | 0.0% | 0.0% |
| Special Indices | |||||
| Core | -- | -- | 0.2% | 0.3% | 0.3% |
| Energy | -- | -- | 1.5% | 0.7% | -1.1% |
| Services | -- | -- | 0.2% | 0.3% | 0.3% |
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