US Core CPI Eases to Four-Year Low in Shutdown-Impacted Report

Underlying US inflation rose in November at the slowest annual pace since early 2021, with the core consumer price index increasing 2.6% from a year ago. The report offers some hope that inflationary pressures are easing, with the core CPI rising just 0.2% over the two months ended in November, restrained by declines in costs of hotel stays, recreation and apparel. Bloomberg’s Ed Harrison joined Carol Massar and Tim Stenovec on ‘Bloomberg Businessweek Daily’ to break it down. (Source: Bloomberg)