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November CPI Forecast: Inflation Rises Amid Missing Data

12/18/2025

Summary

Story summary

The November CPI report is due December 18 and is forecast to show a 3.1% year-over-year increase, up from 3.0% in September.
October data are missing due to a government shutdown, complicating month-over-month comparisons.
Tariffs on vehicles and apparel are expected to push inflation modestly higher.
Some analysts foresee 2.9% year-over-year CPI, which could ease market concerns and shift Federal Reserve rate-cut expectations after tech-stock declines.

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Story summary

The November CPI report is due December 18 and is forecast to show a 3.1% year-over-year increase, up from 3.0% in September.
October data are missing due to a government shutdown, complicating month-over-month comparisons.
Tariffs on vehicles and apparel are expected to push inflation modestly higher.
Some analysts foresee 2.9% year-over-year CPI, which could ease market concerns and shift Federal Reserve rate-cut expectations after tech-stock declines.