December 11, 2024
The U.S. Bureau of Labor Statistics announced that the Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.3% on a seasonally adjusted basis in November, following a 0.2% increase in each of the previous four months. Over the past 12 months, the all items index surged by 2.7% before seasonal adjustment.
In November, the shelter index rose by 0.3%, contributing to nearly forty percent of the rise in the all-items index. The food index increased by 0.4%, with the food at home index rising by 0.5% and the food away from home index increasing by 0.3%. The energy index rose by 0.2% after being unchanged in October.
Excluding food and energy, the CPI-U for all other items climbed by 0.3% in November, consistent with the increases in the previous three months. Notable contributors included shelter, used cars and trucks, household furnishings and operations, medical care, new vehicles, and recreation, while the index for communication decreased.
Over the 12 months ending in November, the all-items index rose by 2.7%, up from a 2.6% increase over the 12 months ending in October. The index for all items less food and energy increased by 3.3%, while the energy index dropped by 3.2%, and the food index rose by 2.4%.
Disclaimer:
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.
