Wednesday, December 13, 2017

BLS: CPI increased 0.4% in November, Core CPI increased 0.1%

by Bill McBride on 12/13/2017 08:38:00 AM

From the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 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 2.2 percent.
...
The index for all items less food and energy increased 0.1 percent in November. ... The all items index rose 2.2 percent for the 12 months ending November. The index for all items less food and energy rose 1.7 percent, a slight decline from the 1.8-percent increase for the period ending October.
emphasis added
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 a 0.4% increase for CPI, and below the forecast of a 0.1% increase in core CPI.