U.S. CPI inches up 0.2% for November 2020

December 14, 2020

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% for November 2020 after remaining unchanged in October, on a seasonally adjusted basis according to U.S. Bureau of Labor Statistics (BLS). The all items index rose 1.2% before seasonal adjustment over the last year. BLS stated, “seasonally adjusted increase in the all items index was broad-based, with no component accounting for more than a quarter of the increase.”

The all items less food and energy index increased 0.2% in November, after remaining unchanged in October. The indexes for household furnishings and operations, for recreation, and for shelter rose 0.7%, 0.4% and 0.1% respectively in November. The indexes apparel, airline fares and motor vehicle insurance climbed 0.9%, 3.5% and 1.1% respectively over the month. Moreover, the indexes for education, for alcoholic beverages, and for tobacco also rose in November. On the other hand, the used cars and trucks index declined 1.3% in November. The index for medical care and motor vehicles indexes both declined by 0.1% in November.

The index for food decreased 0.1% in November, while the index for food at home fell 0.3%. The indexes for non-alcoholic beverages fell 0.9% in November. The other food at home index also declined 0.6% in November along with a 0.5% decrease in the index for cereals and bakery products. Advances occurred in the dairy and related products index which rose 0.3% in November followed by a 0.1% increase in the index for meats, poultry, fish, and eggs. The index for food away from home also rose in November, however, the index for fruits and vegetables remained unchanged.

The index for energy climbed 0.4% in November. A 3.1% growth was recorded in the natural gas index. The index for electricity index increased 0.5% in November. The fuel oil index also increased by 3.6% in November. Whereas, the gasoline index declined by 0.4% in November.


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