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IPFS News Link • Economy - Economics USA

CPI Unchanged in Nov as Gasoline and Apparel Decline, Shelter and Food Rise

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Graphs depicting the yearly change

Mike Mish Shedlock

by22 hrs-edited

The CPI came in unchanged for November as expected today. Energy, apparel, and transportation were all negative.

The BLS reports the CPI for All Items was unchanged in November as the price of gasoline fell while the price of shelter and food rose.

Food

The food index rose 0.2 percent in November. The index for food away from home rose 0.3 percent, the largest increase since May.

Energy

The energy index fell 2.2 percent in November after rising 2.4 percent in October.

The gasoline index declined 4.2 percent in November following a 3.0-percent increase in October. (Before seasonal adjustment, gasoline prices fell 7.3 percent in November.)

The natural gas index rose 0.7 percent after declines in the previous 2 months. The electricity index rose 0.3 percent in November following a 2.3-percent increase in October.

The energy index increased 3.1 percent over the last 12 months, a smaller rise than the 8.9-percent increase for the 12 month period ending October.


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