CPI Increased 0.2% in November

The Consumer Price Index increased 0.2% in November on a seasonally adjusted basis. Over the last 12 months, the all-items index rose 1.7%.

Prices for all items less food and energy, increased 0.2% in November, up from a 0.1% increase in October. The index rose 1.7% for the 12 months ending in November.

The food index was unchanged for the fifth consecutive month, as prices for food at home fell 0.1%, while prices for food away from home increased 0.1%. Over the past 12 months, food prices have fallen 0.4%.

The energy index increased 1.2% in November, after a 3.5% October gain. The gasoline index posted the strongest gain, rising 2.7% following a 7.0% October increase.

Prices for all items less food and energy, the “core CPI,” increased 0.2% in November. The increase was driven by a 0.3% rise in the index for shelter. Over the past 12 months, the index for all items less food and energy increased 2.1%.

Read the BLS release.

About Tim Nicholson

Tim Nicholson
Tim Nicholson is an economic research associate at ABA.
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