U.S. CPI inches up 0.3% for November 2019

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.

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.