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The November inflation report brings good news for President Trump.
The Bureau of Labor Statistics said on Thursday that the CPI – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.2% in November compared with September. However, it slowed to 2.7% on a year-over-year basis. The annualized rate was expected to come in at 3.1%.
The report was the first the country has gotten since before the partial government shutdown in October that lasted 43 days.
Both of the figures were cooler the expectations of economists polled by LSEG, who projected a 0.3% monthly rise and a 3.1% year-over-year figure.
The latest numbers also come on the heels of a positive jobs report.