A food shopper browses for groceries ahead of the Thanksgiving Day holiday at an Albertsons supermarket in Redmond, Washington, U.S., November 24, 2025.<\/p>\n
David Ryder | Reuters<\/p>\n
The U.S. inflation numbers<\/a> in November looked supremely encouraging, with the annual headline rate coming in 0.4 percentage points less than expected. But don’t get too happy about them yet. <\/p>\n It’s the first consumer price report released by the Bureau of Labor Statistics since the U.S. government shutdown ended: October’s figures vanished into the void because the agency was “unable to retroactively collect these data<\/a>.” <\/p>\n The BLS added that November’s CPI “did not include 1-month percent changes for November 2025 where the October 2025 data are missing.” It also said that certain survey data were “carried forward to October 2025<\/a> from September 2025.”<\/p>\n Evercore ISI’s Krishna Guha said<\/a> it appears the BLS “put in zero inflation in multiple categories” when calculating housing inflation in some cities.<\/p>\n In other words, it’s a noisy report. Federal Reserve Chair Jerome Powell once described setting interest rates as “navigating by the stars under cloudy skies<\/a>.” With November’s CPI report, the stars aren’t just obscured by clouds \u2014 they could be mirages, unidentified flying objects, a seagull that picked up an LED light from the beach.<\/p>\n Nonetheless, investors celebrated the numbers. The CPI report, along with a 10.2% surge in Micron<\/a> shares on the back of an expectation-busting earnings report<\/a>, lifted major indexes. <\/p>\n Perhaps it’s the holidays suffusing the air with unbridled cheer. Or maybe it’s all rather like having a feast during Christmas \u2014 the calories only count in the new year.<\/p>\n \u2014 CNBC’s Sean Conlon contributed to this report.<\/p>\n What you need to know todayAnd finally…<\/p>\n The Bank of England (BOE) in the City of London, UK, on Monday, Dec. 15, 2025. <\/p>\n Bloomberg | Bloomberg | Getty Images<\/p>\n","protected":false},"excerpt":{"rendered":"A food shopper browses for groceries ahead of the Thanksgiving Day holiday at an Albertsons supermarket in Redmond,…\n","protected":false},"author":2,"featured_media":200178,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,122,7067,3389,113,105995,61,1095,60,123,105994,11143,7066,8493,10684,105996,3159,115,7229],"class_list":["post-200177","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-business-news","tag-dow-jones-industrial-average","tag-economic-events","tag-economy","tag-icici-bank-ltd","tag-ie","tag-inflation","tag-ireland","tag-markets","tag-medline-inc","tag-micron-technology-inc","tag-nasdaq-composite","tag-nikkei-225-index","tag-prices","tag-prudential-financial-inc","tag-sp-500-index","tag-united-states","tag-world-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/200177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=200177"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/200177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/200178"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=200177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=200177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=200177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}