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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