Inflation rose one-tenth of a percentage point to 2.8% for the year ending in November 2025, the Bureau of Labor Statistics reported Thursday in an update to the personal consumption expenditures index, which is the Federal Reserve’s preferred inflation gauge.
Thursday’s report is the last the Fed will receive before it votes on interest rates next week.
Thursday’s report includes data for both October and November, unusually, because the government shutdown prevented the scheduled release of key economic reports.
