US consumer prices likely posted largest annual increase in 18 months in November

U.S. consumer prices likely increased by the most in one-and-a-half years in the year to November, economists predicted, which would underscore the worsening affordability challenges confronting Americans that have been partly blamed on tariffs on imports.

The Labor Department's Bureau of Labor Statistics will not publish month-to-month changes when it releases the delayed Consumer Price Index report for November on Tuesday after the 43-day shutdown of the government prevented the collection of October data. 

But the BLS will publish the year-on-year rates for the CPI, which likely increased 3.1% year-on-year in November, which would be the largest gain since May 2024, a Reuters survey of economists estimated.

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