US inflation unexpectedly cooled to 2.7% in November

US annual inflation unexpectedly declined in November, while the monthly indicator was not released due to lack of available monthly data

The annual rate of inflation in the US slowed in November, contrary to expectations. However, the release of the October Consumer Price Index (CPI) was canceled due to the inability to collect retrospective price data.

The seasonally adjusted CPI rose 2.7% in the 12 months trailing (TTM) ending in November, compared to expectations of a 3.1% increase, following a 3% rise in the 12 TTM ending in September.

According to data released Thursday, the CPI rose 0.2% seasonally adjusted in the two months from September to November. The core inflation index, which excludes food and energy prices, also rose by the same amount, bringing its annual rate to 2.6%.

From September to November, the housing index rose 0.2%, the energy index climbed 1.1%, and the food index increased 0.1%.

The Bureau of Labor Statistics announced that the report "does not include monthly changes for November, as October data were unavailable," and the Bureau cancelled the publication of the month's data as a result of the 43-day government shutdown.