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Tuesday, December 17, 2013

CPI unchanged in November, Core CPI increases 0.2%

by Calculated Risk on 12/17/2013 08:36:00 AM

From the Bureau of Labor Statistics (BLS): Consumer Price Index - November 2013

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 1.2 percent before seasonal adjustment.
The index for all items less food and energy rose 0.2 percent in November. ... The 12-month increase in the index for all items less food and energy remained at 1.7 percent for the third month in a row.
emphasis added
On a year-over-year basis, CPI is up 1.2 percent, and core CPI is up also up 1.7 percent.  Both are below the Fed's target. This was close to the consensus forecast of no change for CPI, and above the consensus for a 0.1% increase in core CPI.

I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.   This is the last inflation data before the FOMC decision tomorrow.