Inflation Expected to Remain Above Fed’s November Target

The latest inflation data is expected to show that price increases remain above the Federal Reserve’s target, marking the final major US economic report released on an altered schedule due to the government shutdown. Jake Conley reported for Yahoo Finance.

In September, the most recent month with available inflation data, both headline and core CPI rose 3 percent year over year.

The November Consumer Price Index (CPI) report is set for release at 8:30 a.m. ET and is expected to show headline inflation rose 3.1 percent year over year, according to Bloomberg News data.

Core CPI—which excludes volatile food and energy prices—is also expected to increase 3.1 percent from a year earlier.

In September, the most recent month with available inflation data, both headline and core CPI rose 3 percent year over year.

The most recent report will be the first official inflation reading since September, after the Bureau of Labor Statistics canceled the October report due to the US government shutdown.

As a result, November’s release will not include month-to-month comparisons for either headline or core CPI.

The report is also expected to mark the final time major economic indicators—including monthly jobs and inflation data—are released on an altered schedule following the 43-day government shutdown earlier this year.