November Inflation Falls to 2.7%, Lower than Expected: ‘This Is Good News for Wall Street; It’s Good News for Main Street’

In the past 12 months, overall prices rose by 2.7%, which marks a slowdown from 3% reported in September, according to the Bureau of Labor Statistics.

Due to the federal government shutdown, BLS did not collect survey data in October. Instead, BLS retroactively acquired nonsurvey data from October and resumed its data collection efforts on Nov. 14, after the government reopened.

The index for shelter rose by 0.2% and the energy index rose by 1.1% over the two month period ending in November. Food prices increased by 0.1% during the same two-month period…