The New York City skyline in the United States

United States Inflation November 2022

United States: Inflation drops to lowest level since December 2021 in November

Inflation came in at 7.1% in November, down from Octobers 7.7% and undershooting market expectations. November’s figure marked the lowest inflation rate since December 2021. Looking at the details of the release, lower price pressures for transport and food more than offset higher price pressures for housing.

The trend pointed up slightly, with annual average inflation coming in at 8.1% in November (October: 8.0%). Meanwhile, core inflation fell to 6.0% in November, from Octobers 6.3%.

Finally, consumer prices increased 0.10% from the previous month in November, coming in below the 0.44% rise seen in October. November’s result marked the weakest reading since July.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest