Overview
- The Bureau of Labor Statistics reported CPI up 2.7% year over year and core CPI at 2.6%, with the overall index rising 0.2% across September to November.
- The reading came in cooler than expected, undershooting economists’ 3.1% year-over-year consensus cited by LSEG.
- White House National Economic Council Director Kevin Hassett called the report a “blockbuster” and pointed to three‑month annualized core inflation near 1.6%.
- Economists including CNBC’s Steve Liesman and Harvard’s Ken Rogoff described the print as softer than expected, even as some analysts remain cautious about interpretation.
- Median weekly earnings rose about 3.5% over the past year, outpacing inflation and indicating modest real wage gains.