U.S. Inflation Report Today: November CPI Arrives After Shutdown, With Tariffs and Fed Policy in Focus
WASHINGTON — December 18, 2025 — The U.S. Consumer Price Index (CPI) report for November 2025 is due this morning, delivering the first official, broad look at inflation since a 43-day federal government shutdown disrupted economic data collection and left policymakers and markets operating with a partial view of price pressures. Economists expect inflation to tick higher to 3.1% year over year, while “core” inflation (excluding food and energy) is forecast to hold around 3.0%—a mix that underscores how difficult it has been to steer inflation back toward the Federal Reserve’s 2% goal. The Washington Post+2Reuters+2 But this isn’t a