Consumer Prices Rose 0.2% in November
Washington, DC, December 10, 2020-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in November on a seasonally adjusted basis after being unchanged in October, the U.S. Bureau of Labor Statistics reported.
Over the last 12 months, the all items index increased 1.2% before seasonal adjustment.
The seasonally adjusted increase in the all items index was broad-based, with no component accounting for more than a quarter of the increase. The food index declined in November, as a decrease in the food at home index more than offset a small increase in the food away from home index. The index for energy rose in November, as increases in indexes for natural gas and electricity more than offset a decline in the index for gasoline.
The index for all items less food and energy increased 0.2% in November after being unchanged the prior month. The indexes for lodging away from home, household furnishings and operations, recreation, apparel, airline fares, and motor vehicle insurance all increased in November. The indexes for used cars and trucks, medical care, and new vehicles all declined over the month.