Prices ticked up in November as Americans keep spending, a key inflation measure shows

Associated Press (AP)EN 3 min read 100% complete by By CHRISTOPHER RUGABERJanuary 22, 2026 at 04:53 PM

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A key inflation measure showed that prices in the United States ticked up in November, with consumer prices rising 2.8% from a year earlier, according to the Commerce Department. Core prices, excluding food and energy, also increased 2.8% year-over-year. The report, released Thursday, also indicated that consumer spending climbed 0.5% in November, suggesting a healthy economy. These figures indicate that the Federal Reserve will likely hold off on reducing its key interest rate at its upcoming meeting. While inflation remains elevated, it is down from its peak in June 2022, but hiring has slowed.

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Portland, Ore ×240% Dallas 40% Wells Fargo 50% Edward Jones 60% Washington 60% Commerce Department 60% James McCann 70% Federal Reserve ×290%

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inflation 100% consumer spending 80% prices 70% federal reserve 70% economy 60% interest rate 60% labor market 50% unemployment rate 50% core prices 40%

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Associated Press (AP)

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Washington

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inflation consumer spending prices federal reserve economy interest rate labor market unemployment rate core prices

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