MORNINGSTAR | How to Navigate the Shutdown-Affected November CPI Report

How to Navigate the Shutdown-Affected November CPI Report

Economists forecast that tariffs continued to put upward pressure on inflation, but gaps due to the government shutdown will complicate the picture.

By Bella Albrecht

Christopher Hodge, chief US economist at Natixis, says month-over-month changes are critical to inflation trends. “The month over month is what people focus on,” he says. “You’re not going to get a lot of signals from the year-over-year inflation.” Economists say it will be possible to create a rough picture of the monthly changes for November by comparing the underlying price index levels against those in September.