The Consumer Price Index was unchanged in November, but increased 0.4 percent over the last 12 months, before seasonal adjustment. This is the largest 12-month increase since the 12-month period ending December 2014.
The energy index fell 1.3 percent after increasing by 0.3 percent in October. Prices for gasoline fell by 2.4 percent on the month after a 0.4 percent increase in October. The electricity index increased by 0.3 percent, while utility gas service fell 1.9 percent. Energy prices have fallen by 14.7 percent over the last 12 months.
Prices for non-food and energy items increased 0.2 percent, the same as in the previous month. The indexes for shelter, medical care, airline fares, new vehicles and tobacco rose, while recreation, apparel, household furnishings and used cars and trucks all declined.
Food prices declined 0.1 percent, the first monthly decline since March. The index for food at home declined 0.3 percent, while the index for food away from home rose 0.2 percent. Over the last year, prices for food increased 1.3 percent.
Read the BLS release.
