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Key FactsUS Consumer Prices Rise Below Forecast in November
Dec 18, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
  • The Consumer Price Index increased 2.7% year-on-year in November 2025, falling short of the 3.1% forecast.

  • Data gaps from the longest US government shutdown hindered the release of October inflation and labor reports.

  • Tariffs imposed by President Trump have raised costs, with retailers passing about 40% of these duties to consumers.

  • Lower-income households face disproportionate impacts from tariffs as the Federal Reserve cautiously trimmed interest rates.
  • It's really tariffs that are causing most of the inflation overshoot.
    — Fed Chair Jerome Powell stated this during a press conference.
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