In November 2025, the United States is anticipated to experience an increase in annual inflation to 3.1%, its highest rate since May 2024, rising from September’s level of 3.0%. Core inflation is projected to remain steady at 3.0%, unchanged from the September figure. Notably, the November Consumer Price Index (CPI) report faced a delay of nearly a week, while there was a complete cancellation of the October report, attributable to the government shutdown that hindered the Bureau of Labor Statistics (BLS) from collecting the necessary data retrospectively. Consequently, there are questions regarding the comprehensiveness of the November figures. The BLS announced that it will not provide one-month percentage changes for either the headline or core CPI for November 2025, given the absence of data for October 2025.
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