Consumer Prices Rose 0.3% in November

Washington, DC, December 11, 2019-The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.3% in November on a seasonally adjusted basis, after rising 0.4% in October, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.1% before seasonal adjustment.

Increases in the shelter and energy indexes were major factors in the seasonally adjusted monthly increase of the all items index. Increases in the indexes for medical care, for recreation, and for food also contributed to the overall increase. The gasoline index rose 1.1% in November and the other major energy component indexes also increased. The food index rose 0.1%, with the indexes for both food at home and food away from home increasing over the month.

The index for all items less food and energy rose 0.2% in November, the same increase as in October. Along with the indexes for shelter, for medical care, and for recreation, the indexes for used cars and trucks and for apparel also rose in November. The new vehicles index fell in November, as did the index for airline fares.

The all items index increased 2.1% for the 12 months ending November, a larger rise than the 1.8% increase for the period ending October. The index for all items less food and energy rose 2.3% over the last 12 months. The food index rose 2.0% over the last l2 months, while the energy index declined 0.6% over the last year.