U.S. Inflation Slows Down as November CPI Falls to 2.7%

After the longest recorded U.S. federal government shutdown forced the Bureau of Labor Statistics to skip collecting CPI survey data in October 2025, new figures shows that inflation cooled in November. The Consumer Price Index for All Urban Consumers eased to 2.7% over the 12 months to November 2025, down from 3.0% in September. Over the two months from September to November, prices rose by 0.2%. Core inflation, which excludes food and energy, rose 2.6% over the year. Energy prices rose by 4.2% supported by higher prices of electricity (6.9%) and natural gas (9.1%). Food prices rose to 2.6% with groceries rising 1.9%, driven by higher prices of meats, poultry, fish, and eggs (4.7%) and nonalcoholic beverages (4.3%). Dining prices rose 3.7% while full service meals rose 4.3%. Notably, prices for shelter, medical care and household furnishings and operations rose 3.0%, 2.9%, and 4.6%, respectively. Data collection resumed fully on November 14.