INFLATION REMAINS STUBBORNLY HIGH IN NOVEMBER

Key Points:

  • The Consumer Price Index (CPI) rose 0.1% in November after no change in October.
  • CPI increased 3.1% from a year ago, down from 3.2% in October.
  • The index for shelter continued to rise in November, offsetting a decline in the gasoline index.
  • The index for shelter rose 0.4% and the index for food rose 0.2% over the month.
  • The index for food at home increased 0.1% over the month while the index for food away from home rose 0.4%.
  • The core CPI, which excludes food and energy, rose 0.3% in November and is up 4.0% from the previous year.
  • The energy index is down 5.4%, the food index is up 2.9%, and shelter is up 6.5% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source