First CPI report since shutdown ended
"The CPI report issued Thursday was the Bureau’s first since the record-long government shutdown ended last month.
The BLS didn’t collect inflation data for October and was only able to gather data for roughly half of November due to the shutdown, which ran from Oct. 1 to Nov. 12.
That gives the public an incomplete view of how consumer prices have moved in recent months, economists said.
It also may have skewed certain data readings. For example, since the government’s data sample occurred from the middle to end of November, prices for goods may have inadvertently captured more Black Friday sales and looked artificially low, Ryan said."
"“Inflation fell quite sharply,” said Thomas Ryan, a North American economist at Capital Economics.
″[But] I think we’re slightly suspicious of some of these numbers, to be honest,” he said. “It wasn’t a usual month.”"
Note also that the unemployment rate has been rising steadily from June through to November, from 4.1 to 4.6%-- the highest it's been since September of 2021. I could be wrong but I'd expect people having less money to spend could force downward pressure on inflation as more and more people curtail spending. In any event, it's not a sign of a thriving economy, inflation rate notwithstanding.
www.bls.gov