The Bureau of Labor Statistics reported that the Consumer Price Index rose 2.7% in November from year-ago levels—an uptick from October’s 2.6% rate. Core CPI, which excludes volatile food and energy costs, rose 3.3% in November over the last 12 months, the same amount as in October.
The CPI increased 0.3% in November from month-ago levels after rising 0.2% in October. Core CPI also increased 0.3%, matching the October increase.
Economists had expected that consumer prices would rise 0.2% on a monthly basis in November, and for the annual inflation rate to rise slightly to 2.7% from 2.6% in October, according to FactSet’s consensus estimates. Economists had forecast core inflation to rise 0.28% in November, keeping the annual rate steady at 3.3%.
US CPI is Inching Upwards Again
Source: Bureau of Labor Statistics
November CPI Report Key Stats
- CPI increased 0.3% for the month after rising 0.2% in October.
- Core CPI climbed 0.3% after rising by the same amount in October.
- CPI increased 2.7% year over year after increasing by 2.6% the prior month.
- Core CPI rose 3.3% from year-ago levels after increasing by the same amount in October.
Food prices increased 0.4% in November after increasing 0.2% in October. Grocery prices increased 0.5% over the month, while prices at restaurants increased 0.3%.
Energy prices were mixed overall for the month after holding steady the prior month. Utility (piped) gas service prices rose 1.0%, fuel oil prices climbed 0.6%, gasoline prices rose 0.6%, and electricity prices declined 0.4%.
In November, shelter prices rose 0.3% after rising 0.4% in October.
US CPI: Changes Month by Month
Source: Bureau of Labor Statistics
The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.
SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk
