Inflation Cools in November: What the Experts Are Saying

The November inflation report, which showed consumer price growth continued to ease, comes ahead of a key Fed meeting.

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Inflation cooled for a second straight month in November and by far more than economists were expecting, helping to bolster the case that our current period of fast-rising prices might be receding into the past.

The Consumer Price Index rose just 0.1% last month vs. a 0.4% gain in October, the Bureau of Labor Statistics reported Tuesday. Economists forecast prices to rise 0.3% month-over-month, according to a survey by Bloomberg. Year-over-year, prices increased 7.1% last month, which was the smallest 12-month increase since the period ending December 2021. Economists were looking for a jump of 7.3%.

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Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.