Consumer Prices Little Changed in November

The Consumer Price Index was unchanged in November on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a 0.3 percent October increase. Over the last 12 months, the all-items index rose 2.2 percent, up from last month’s 2.1 percent increase.

Prices for all items less food and energy, the “core CPI,” grew 0.2 percent in November, following a 0.2 percent October increase. The index rose 2.2 percent for the 12 months ending in November, up from last month’s 2.1 percent increase.

The food index increased 0.2 percent in November. Prices for food at home increased 0.2 percent while food away from home grew 0.3 percent. Over the past 12 months, food prices are up 1.4 percent.

The energy index decreased 2.2 percent in November after a 2.4 percent increase in October. Gasoline prices decreased, falling 4.2 percent. The energy index rose 3.1 percent in the last twelve months.

Read the BLS release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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