12.10.2020
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in November on a seasonally adjusted basis after being unchanged in October the U.S. Bureau of Labor Statistics reported today. Over the last 12 months the all items index increased 1.2 percent before seasonal adjustment.
The seasonally adjusted increase in the all items index was broad-based with no component accounting for more than a quarter of the increase. The food index declined in November as a decrease in the food at home index more than offset a small increase in the food away from home index. The index for energy rose in November as increases in indexes for natural gas and electricity more than offset a decline in the index for gasoline.
The index for all items less food and energy increased 0.2 percent in November after being unchanged the prior month. The indexes for lodging away from home household furnishings and operations recreation apparel airline fares and motor vehicle insurance all increased in November. The indexes for used cars and trucks medical care and new vehicles all declined over the month.
The all items index rose 1.2 percent for the 12 months ending November the same increase as for the period ending October. The index for all items less food and energy rose 1.6 percent over the last 12 months also the same increase as the period ending October. The food index rose 3.7 percent over the last 12 months while the energy index fell 9.4 percent.
Next release is Thursday January 13 2021 for the December 2020 Consumer Price Index.