Live Updates > Live Update Details
2025-12-18 15:31:42
[US November CPI May Hit 18-Month High, Import Tariffs a Contributing Factor] 1. Economists predict that the US November Consumer Price Index (CPI) may reach its highest year-on-year increase in a year and a half, highlighting the continued challenges to American consumers' purchasing power, with import tariffs considered one of the factors driving up prices. 2. The US Bureau of Labor Statistics is scheduled to release the November CPI report on Tuesday. Due to the 43-day government shutdown, October price data could not be collected, therefore this report will not include month-on-month changes, and the October CPI report has been canceled. However, the Bureau of Labor Statistics will still release the year-on-year CPI change and the core CPI year-on-year data excluding food and energy prices. 3. Market surveys show that economists expect the November CPI to rise 3.1% year-on-year, which would be the largest increase since May 2024. Previously, in the 12 months ending in September, the CPI rose 3.0% year-on-year. Furthermore, the core CPI is expected to rise 3.0% year-on-year in November, the same as in September, mainly driven by increases in rents and non-food energy prices, while declines in airfares, restaurant and hotel room prices may partially offset these increases.
