INFLATION TICKED UP IN NOVEMBER, UP 2.7% IN LAST YEAR

Key Points:

  • The Consumer Price Index (CPI) rose 0.3% in November, after rising 0.2% in each of the previous 4 months.
  • CPI increased 2.7% from a year ago, up from 2.6% in October, and in line with consensus.
  • The index for shelter rose 0.3%, the index for food rose 0.4%, and the energy index rose 0.2% over the month.
  • The index for food at home rose 0.5% over the month while the index for food away from home rose 0.3%.
  • The core CPI, which excludes food and energy, rose 0.3% in November and is up 3.3% from the previous year.
  • The energy index is down 4.9%, the food index is up 3.2%, food index is up 2.4%, and shelter is up 4.7% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source