MANY EXPERTS DON'T FULLY BELIEVE THE LATEST CPI INFLATION REPORT
๐ธ The US government released its November inflation report late, and the figures were much lower than expected.
๐ธ Overall inflation was 2.7% and core inflation was 2.6%, about 3 percent lower than many experts had hoped.
๐ธ The report was delayed due to the government shutdown and the cancellation of October data, so the statistics agency had to use assumptions to estimate.
๐ธ The biggest problem lies in housing inflation, especially the rent index; in some areas, the increase may have been recorded as zero (October vs. November), making inflation appear lower than it actually is.
๐ธ Many experts believe that inflation could rise again in the coming months as data returns to normal.