The US core CPI unexpectedly slowed to its lowest level since 2021

Underlying U.S. inflation rose year-on-year in November, but at the slowest pace since early 2021, according to a report affected by the government shutdown. Core CPI, which strips out volatile food and energy prices, rose 2.6 percent in November, according to data released Thursday by the Bureau of Labor Statistics. That compares with a 3 percent year-on-year increase two months ago. Overall CPI rose 2.7 percent year-on-year in November. Because of the government shutdown, the Bureau of Labor Statistics was unable to collect most of the October price data, limiting the agency's ability to determine month-on-month changes in broader measures of inflation and many key categories in November. (Golden Ten)