The U.S. inflation numbers in November looked encouraging, with annual headline rate coming in 0.4 percentage points less than expected. But it's noisy.

Whether you're a bull or a bear, Tuesday's tea leaves will show you what you want to see — but beware confirmation bias.

November's CPI report is expected to show the annual inflation rate at 3.1%, according to economists polled by Dow Jones.

The Bureau of Labor Statistics reported Thursday a 2.7% annual CPI increase last month short of the 3.1% projected by Wall Street.

Thursday saw the release of a much lighter-than-expected inflation report for November, and economists are already questioning its significance.

The U.S. inflation numbers in November looked encouraging, with annual headline rate coming in 0.4 percentage points less than expected. But it's noisy.

The U.S. inflation numbers in November looked encouraging, with annual headline rate coming in 0.4 percentage points less than expected. But it's noisy.