U.S. Core CPI Unexpectedly Slows to Lowest Level Since 2021

According to a report affected by the government shutdown, the underlying inflation rate in the U.S. rose year-on-year in November, but the growth rate is the lowest since early 2021. Data released by the U.S. Bureau of Labor Statistics on Thursday showed that the core CPI, excluding volatile food and energy prices, increased by 2.6% in November. This is down from a year-on-year increase of 3% two months ago. The overall CPI rose 2.7% year-on-year in November. Due to the government shutdown, the U.S. Bureau of Labor Statistics was unable to collect most of the price data for October, which limited the agency's ability to determine the broader inflation indicators for November and the month-on-month changes in many key categories. $BTC

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