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The inflation in the U.S. complicates Trump's economic discourse
The Consumer Price Index (CPI) for November showed inflation lower than expected, but the lack of monthly data and the Fed's caution create uncertainty.
The late publication of the Consumer Price Index (CPI) in the United States offered a partial respite against expectations, but left more questions than certainties.
The lack of monthly data, a consequence of the last government shutdown, makes it difficult to assess the trajectory of inflation and complicates the political and monetary narrative.
The U.S. CPI showed an overall inflation of 2.7% year-on-year in November and a core inflation of 2.6%, below what markets had predicted.
However, the absence of monthly variations, which are usual for identifying trends, turns the report into a blurry photograph rather than a clear movie.
Some items continue to press: housing and rents are rising nearly 3% annually, while food items like meats and eggs have accumulated increases close to 5%.
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