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Consumer Price Index (CPI) inflation increased to 2.4 percent year-on-year, with a 0.3 percent rise month-on-month.
Joseph Politano highlighted that core CPI inflation decreased to 2.5 percent year-on-year and posted a 0.2 percent month-on-month increase.
The latest movements in inflation arrive amid broader shifts in the U.S. economy, including a record-setting trade deficit surpassing $1 trillion in 2025. Concurrently, persistent uncertainty continues to impact commercial real estate, as reflected in the plunge in U.S. office construction to a 14-year low. These interrelated trends underscore the complex backdrop against which today’s CPI figures must be assessed.