Consumer Price Index Rises 0.3% in Dec. - Modern Distribution Management

Consumer Price Index Rises 0.3% in Dec.

November’s increase was slightly above each of the previous four months.
Consumer Spend (89Stocker via Canva)

The Bureau of Labor Statistics released its monthly Consumer Price Index Summary on Dec. 11, showing that its all-items index increased 2.7% for the 12 months ending November.

On a monthly basis, November’s all items index increased 0.3%, following a 0.2% rise in each of the previous four months.

The index for shelter rose 0.3% in November vs. October, while the index for food increased 0.4%. Shelter and food contributed to nearly 40% of the monthly all items increase.

The index for all items less food and energy — known as core inflation — rose 0.3% in Novembers, as it did the past three months. Indexes that increased in November include: shelter, used cars and trucks, household furnishings and operations, medical care, new vehicles and recreation. Communication was among the indexes that decreased over the month.

On a year-over-year basis, November’s core inflation rose 3.3%. The year-over-year energy index decreased 3.2%, while the food index increased 2.4%.

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