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- US y/y CPI stable at 1.7%
US y/y CPI stable at 1.7%
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.7 percent before seasonal adjustment.
The shelter and gasoline indexes continued to rise in November, and were again the main reasons for the seasonally adjusted all items increase. The shelter index advanced 0.3 percent in November, while the gasoline index increased 2.7 percent.
The all items index rose 1.7 percent for the 12 months ending November; the 12-month all items increase has been rising since it was 0.8 percent in July.
The index for all items less food and energy rose 2.1 percent for the 12 months ending November, and the energy index increased 1.1 percent. In contrast, the food index declined 0.4 percent over the last 12 months.
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