by Bill McBride on 12/15/2015 08:35:00 AM
Tuesday, December 15, 2015
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged 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 increased 0.5 percent before seasonal adjustment.I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI. This was at the consensus forecast of no change for CPI, and also at the forecast of a 0.2% increase in core CPI.
The indexes for energy and food declined in November, offsetting an increase in the index for all items less food and energy and resulting in the seasonally adjusted all items index being unchanged. The energy index fell 1.3 percent, with all of the major component indexes declining except electricity. ...
The index for all items less food and energy rose 0.2 percent in November, the same increase as in September and October. ... The index for all items less food and energy rose 2.0 percent, its largest 12-month increase since the 12 months ending May 2014.
Posted by Bill McBride on 12/15/2015 08:35:00 AM