Wednesday, December 11, 2019

BLS: CPI increased 0.3% in November, Core CPI increased 0.2%

by Calculated Risk on 12/11/2019 08:34:00 AM

From the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.3 percent in November on a seasonally adjusted basis, after rising 0.4 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.1 percent before seasonal adjustment.
...
The index for all items less food and energy rose 0.2 percent in November, the same increase as in October.
...
The all items index increased 2.1 percent for the 12 months ending November, a larger rise than the 1.8-percent increase for the period ending October. The index for all items less food and energy rose 2.3 percent over the last 12 months. The food index rose 2.0 percent over the last l2 months, while the energy index declined 0.6 percent over the last year.
emphasis added
Core inflation was at expectations in November. I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.