"President Trump tipped his hand a bit on Wednesday night, hinting that the inflation report issued Thursday morning by the Department of Labor was going to be good news.
Economists had forecast inflation would rise in November. The estimates for the year-over-year increase in the consumer price index (CPI) among economists surveyed by Econoday ranged from 2.9
Come Thursday morning, however, Trump’s declarations of significant progress on inflation looked prescient. The consumer price index rose just 2.7 percent over the 12 months through November, the Department of Labor said. Core CPI rose by just 2.6 percent, the slowest pace of inflation since March 2021. In other words, the pace of inflation is finally down below where it has been throughout the Bidenflation crisis era.
The decision of the Democrats to shut down the government in October and keep it closed through early November meant that much of the data that would have been collected for October’s CPI went uncollected. As a result, there was no October report, and the November report does not include the standard month-to-month inflation figure. Instead, we have two-month inflation figures, measuring what happened to prices between September and November.
These are, for the most part, very good news. The seasonally-adjusted two-month change in overall CPI was an increase of just 0.2 percent, which you can pencil in as a gain of around 0.1 percent per month. Core CPI was also up by just 0.2 percent."
Breitbart
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