Inflation Falls To 2.7%, Much Lower Than Expected

Inflation eased significantly in November, indicating that consumers are seeing relief from anxieties about affordability.

The consumer price index, the best-known measure of U.S. inflation, rose 2.7 percent last month from a year earlier, the Department of Labor said Thursday. The November report was delayed by the federal government shutdown, which stretched from the start of October through mid-November.

Economists had forecast a rise of 3.1 percent.

The government was unable to collect some data during the shutdown, leaving gaps in the long-running price series. The government did not release a full set of inflation figures for October…

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