- The Consumer Price Index (CPI) rose 0.1% in November.
- CPI increased 7.1% from a year ago, down from 7.7% in October, and the lowest reading since December 2021.
- Consensus among economists was a 7.3% increase.
- The rate of price increases remained above 5% for the eighteenth straight month.
- The index for shelter was by far the largest contributor, increasing 0.6% over the month.
- The core CPI, which excludes food and energy, rose 0.2% in November and is up 6.0% from the previous year.
- The energy index is up 13.1% and the food index is up 10.6% from the previous year.
- The Right Facts will continue to monitor CPI.