Inflation Surprise: Prices Rose Slower Than Expected

A key measure of inflation cooled more than experts predicted last month. The Consumer Price Index (CPI), which tracks the cost of everyday goods and services, rose at an annual rate of 2.7% in November. This figure was lower than the 3% increase economists had forecast. The data suggests the persistent high inflation, which began in 2021, may be easing at a faster pace. This report is closely watched by policymakers at the Federal Reserve as they decide on future interest rate adjustments.