Inflation eased in Nov., delayed report shows
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Harvard economist says Trump inflation report leaves 'no other way to spin it' but good news
Harvard economist calls the latest inflation report "positive news" as the rate falls to 2.7%, surprising analysts who expected it to stay above 3%.
One way the U.S. government reacts and responds to the challenge of helping retirees succeed in their battle to handle rising prices is to provide a cost-of-living adjustment (COLA) to people’s Social Security monthly benefits, which average about $2,000, according to the Social Security Administration (SSA). For 2026, COLA will increase by 2.8%.
After a gap in official data, prices rose at a 2.7 percent annual pace last month, according to new data from the Labor Department.
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CPI inflation print draws caution from economists: 'It’s hard to take this data seriously'
Thursday's release of November's CPI data showed inflation had unexpectedly eased to an annual rise of 2.7% that month, but economists expressed caution as the government shutdown impacted results.
Major stock indexes surged Thursday after delayed Consumer Price Index data came in better than expected, with the blue-chip Dow Jones Industrial Average and benchmark S&P 500 poised to end four-session losing streaks.
Risks to euro zone growth and inflation are fairly balanced but remain large, so the European Central Bank needs to keep an open mind about future policy moves, Dutch central bank chief Olaf Sleijpen said on Friday.
Consumer prices rose 2.7% in November compared to a year earlier, marking a notable reduction from 3% year-over-year inflation in September, the most recent month for which complete data is available. Inflation stands at its lowest level since July.
Inflation in November fell to 2.7%, the Bureau of Labor Statistics said Thursday, a positive sign for consumers on its face. However, November’s data was collected later than normal. The released figures may include significant holiday discounting,