December 11, 2019
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% for November 2019 after increasing in October, on a seasonally adjusted basis according to U.S. Bureau of Labor Statistics (BLS). The all items index increased 2.1% before seasonal adjustment over the last year. BLS stated, “increases in the shelter and energy indexes were major factors in the seasonally adjusted monthly increase of the all items index.”
The all items less food and energy index increased 0.2% in November, after rising 0.2% in October. The indexes for medical care, for recreation, and for shelter rose 0.3%, 0.4% and 0.3% respectively in November. Whereas, the indexes for new vehicles, airline fares and motor vehicle insurance declined 0.1%, 0.9% and 0.2% respectively over the month.
The index for food increased 0.1% in November, while the index for food at home, rose 0.1%. The index for dairy and related products went up 0.6% in November. The indexes for non-alcoholic beverages; meat, poultry, fish, and eggs; and cereals and bakery products also climbed in November. These advances were tempered by a 0.7% decrease in the index for fruits and vegetables while other food at home index remained unchanged.
The index for energy climbed 0.8% in November after a rising in October. A 1.1% growth was recorded was recorded in the gasoline index in contrast to a 3.7% increase in October. The index for electricity index increased 0.3%. The natural gas index also increased by 1.1% in November.
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