Inflation cooled unexpectedly in November, although economists cautioned that gaps in the data make it too early for the White House to declare victory.
The November consumer price index reported prices rose at a 2.7 percent rate from a year earlier, cooler than the most-recent reading from September, according to new data from the Labor Department on Thursday. “Core” inflation, the rate without volatile food and energy costs, increased at an annual rate of 2.6 percent, an improvement from September.
