The Consumer Price Index for All Urban Consumers increased 0.3% on a seasonally adjusted basis in November, after rising 0.2% in each of the previous four months, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.7% before seasonal adjustment.
The index for shelter rose 0.3% in November, accounting for nearly 40% of the monthly all items increase. The food index also increased over the month, rising 0.4% as the food at home index increased 0.5% and the food away from home index rose 0.3%. The energy index rose 0.2% over the month, after being unchanged in October.
The index for all items less food and energy rose 0.3% in November, as it did in each of the previous 3 months. Indexes that increased in November include shelter, used cars and trucks, household furnishings and operations, medical care, new vehicles, and recreation. The index for communication was among the few major indexes that decreased over the month.
The all items index rose 2.7% for the 12 months ending November, after rising 2.6% over the 12 months ending October. The all items less food and energy index rose 3.3% over the last 12 months. The energy index decreased 3.2% for the 12 months ending November. The food index increased 2.4% over the last year.