CPI report shows the inflation rate rose at a 2.7% annual pace in November, cooler than expected

The Consumer Price Index rose at an annual rate of 2.7% in November, cooler than economists had forecast and providing a sign that price pressures may be easing.

By the numbers

The CPI was expected to rise 3% on an annual basis last month, according to economists surveyed by financial data firm FactSet. 

The CPI tracks the changes in a basket of goods and services typically bought by consumers, providing a snapshot of price changes on everyday items such as food and apparel.

Thursday’s report provides the first glimpse of recent inflation data since late October, when the Bureau of Labor Statistics released September CPI data. 

Data collection was disrupted due to the government shutdown, which delayed the September and November CPI reports. The Labor Department on Thursday said it didn’t collect October data due to the shutdown.