From the Bureau of Labor Statistics, December 11:
CONSUMER PRICE INDEX - NOVEMBER 2024
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in November, after rising 0.2 percent in each of the previous 4 months, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment.
The index for shelter rose 0.3 percent in November, accounting for nearly forty percent of the monthly all items increase. The food index also increased over the month, rising 0.4 percent as the food at home index increased 0.5 percent and the food away from home index rose 0.3 percent. The energy index rose 0.2 percent over the month, after being unchanged in October.
The index for all items less food and energy rose 0.3 percent 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 percent for the 12 months ending November, after rising 2.6 percent over the 12 months ending October. The all items less food and energy index rose 3.3 percent over the last 12 months. The energy index decreased 3.2 percent for the 12 months ending November. The food index increased 2.4 percent over the last year....
....MUCH MORE (tables, discussion)
Mr. Chandler in the earlier post, Capital Markets: "Greenback Bid Ahead of CPI" had relayed:
There are two highlights in the North American session today. First is the US November CPI. It has risen by 0.2% in each of the past four months. The median forecast in Bloomberg's survey is for a 0.3% increase in November, which would match the fastest rise since the end of Q1. Given the base effect (0.2% increase in November 2023), the year-over-year pace will tick up to 2.7% from 2.6%. That would be the second consecutive increase. The core rate is a bit stickier....
