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While official CPI data remain distorted, the inflation trend appears to be losing momentum across both goods and services.
Note: The October-November readings for both the Consumer Price Index and the Everyday Price Index should be viewed as provisional rather than definitive. A temporary government funding lapse interrupted standard federal price collection, leaving gaps that could not later be filled and forcing reliance on limited alternative inputs. Data collection resumed partway through November, restoring more normal coverage only as the month progressed.
The AIER Everyday Price Index (EPI) fell 0.24 percent to 296.9 throughout October and November 2025, ending ten months of consecutive increases. Of its 24 constituents, the prices of 13 rose, three were unchanged, and eight declined. Those showing the largest increases included postage and delivery services, admissions to movies, theaters, and concerts, and tobacco and smoking products. Declining in price the most were motor fuel, food at home, and personal care products.
AIER Everyday Price Index vs. US Consumer Price Index (NSA, 1987 = 100)
Millions of federal workers and contractors cut back on their spending during the shutdown. It wouldn't be surprising if that led to a temporary reduction in price inflation.
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