Topline
Inflation improved in October before rising again in November, according to delayed federal data released Thursday, as the Federal Reserve’s favored inflation gauge aligned with Wall Street’s expectations.
Earlier delayed data indicated inflation cooled in the month.
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Key Facts
Annual inflation was 2.7% in October 2025 before increasing to 2.8% November, according to core consumption expenditures (PCE) price index data reported Tuesday by the Bureau of Economic Analysis, which last reported core PCE of 2.8% for September.
November’s core PCE matched Wall Street’s estimates, according to FactSet.
The Federal Reserve favors core PCE data over consumer price inflation reports because the central bank can better understand how Americans spend their money and how their spending habits shift over time.
Headline PCE was 2.7% in October and 2.8% in November, meeting economists’ estimates.
This is a developing story.