According to the BLS and its shutdown-affected consumer price data, price inflation suddenly collapsed in October and November. After increasing at an average monthly pace of 0.30% m/m over the preceding three months, we are supposed to believe that all-items CPI rose by an average of only 0.10% m/m per month in October and November. As a result, the annual headline inflation rate plummeted to 2.7% in November, from 3.0% in September.
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