WASHINGTON (AP) — U.S. inflation slowed unexpectedly last month according to data that was delayed and likely distorted by the government shutdown. The Labor Department reported Thursday that its consumer price index rose 2.7% in November from a year earlier. Yet, year-over-year inflation remains well above the Federal Reserve’s 2% target, and Americans are complaining loudly about the high cost of living.The report was delayed eight days by the federal government’s 43-day shutdown, which also prevented the Labor Department from compiling overall numbers for consumer prices and core inflation in October. Thursday’s report gave investors, businesses and policymakers their first look at CPI since the September numbers were released on Oct. 24.
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