Here’s the inflation breakdown for November 2025
The consumer price index cooled unexpectedly in November. But economists said the data should be interpreted with some caution due to the government shutdown.
TL;DR
- November's consumer price index showed an inflation rate of 2.7%, a slowdown from September's 3%.
- Economists express skepticism about the November inflation data due to incomplete data collection during a government shutdown.
- The shutdown may have artificially lowered inflation figures by capturing more sales data and a reduced sample size.
- Core goods inflation fell to 1.4% in November from 1.5% in September.
- Sustained lower inflation could benefit consumers by increasing purchasing power and potentially lead the Federal Reserve to cut interest rates.
- Some economists believe inflation has not significantly moved and that consumers are still experiencing high prices, particularly for food.
- Beef and coffee prices saw significant annual inflation rates of approximately 21% and 19%, respectively.
- President Trump recently exempted certain agricultural imports from tariffs, but the impact on grocery prices is uncertain.