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.

All Items Less Food and Energy

RECOMMENDED ARTICLES

  • The index for all items less food and energy increased 0.2 percent in November, the same increase as the previous month.
  • The shelter index increased 0.3 percent in November following 0.2-percent increases in October and September. The rent index rose 0.4 percent and the index for owners’ equivalent rent increased 0.3 percent.
  • The used cars and trucks index increased 2.4 percent in November.
  • The medical care index rose 0.4 percent in November with its component indexes mixed. The hospital services index rose 0.5 percent in November, its first increase since July, and the index for prescription drugs also increased 0.5 percent. The index for physicians' services, in contrast, declined 0.3 percent.
  • The recreation index rose 0.4 percent in November, and the index for water and sewer and trash collection services increased 1.2 percent.
  • The index for wireless telephone services fell 2.2 percent, its largest decline since March 2017. The index for airline fares decreased 2.4 percent in November after being unchanged in October. The index for motor vehicle insurance declined 0.5 percent in November after rising 0.5 percent in October.
  • The index for all items less food and energy rose 2.2 percent over the past 12 months. The shelter index increased 3.2 percent. The medical care index rose 2.0 percent over this span, as the hospital services index increased 3.5 percent.
  • Several indexes decreased over the last 12 months. The communication index fell 1.7 percent over the span, and the indexes for apparel, lodging away from home, and airline fares also declined.

CPI Month-Over-Month and Year-Over-Year

Image placeholder title

Your results undoubtedly vary.

Mike "Mish" Shedlock

CPI Rises 0.3% in October Led by Gasoline Index: This Won't Last

The Consumer Price Index rose 0.3% in October. The gasoline index was responsible for over one-third of the rise.

CPI Jumps 0.41% in March: Gasoline, Up 6.5%, Core CPI Up 0.15%

The CPI jumped 0.4% in March but core CPI, excluding food and energy only rose 0.1%.

Curious September Energy Decline in CPI, With Crude and Gas Futures Rising

The BLS says the energy index declined 0.5 percent in September, but the price of crude rose. Overall the CPI rose 0.1%.

CPI Rises 0.3%, Core 0.1%, Both More Subdued Than Expected

The CPI and the CPI excluding food and energy both underperformed economists' expectations by 0.1 percentage points.

CPI Jumps Most Since February 2013 on Energy: Did Gasoline Prices Really Rise 7.8% in January?

The BLS reports the CPI Increased 0.6 Percent in January. That’s the largest increase since February of 2013. As with the PPI, much of the jump is oil related.

CPI Shows Sharply Rising Medical Costs; Huge Obamacare Hikes Planned

The CPI came in exactly in line with the Bloomberg Consensus option today.

CPI Benign at 0.2%, Core CPI Lower Than Expected 0.1%: What Do You Believe?

The CPI came in at 0.2% meeting economists expectations. Core CPI came in at 0.1% under economists expectations of 0.2%.

CPI Rises Modest 0.2%, 2.5% from a Year Ago: Your Results May Vary Dramatically

The CPI rose 0.2% in April vs the economists' expectation of 0.3%. Year-over-year the CPI is up 2.5%.

CPI Declines 0.1% Month-Over-Month on Falling Energy Prices

The presumably "vital" BLS is still up and running in the shutdown. It reports a benign CPI this month.