November inflation rises 0.1%, 1.1% yoy

Via BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.1% before seasonal adjustment.

By major components, energy increased only 0.2 percent, following a 2.6 percent surge in October. Most of the November rise was from fuel oil which jumped 4.2 percent. Gasoline was up 0.7 percent while electricity rose 0.9 percent. Damping these was a 5.7 percent drop in natural gas. Food price inflation increased 0.2 percent after a 0.1 percent rise the prior month.

For the 0.1 percent gain in the core, increases in the indexes for shelter and airline fares accounted for most of the rise, while the indexes for new vehicles, used cars and trucks, and household furnishings and operations all declined. Softness was widespread within major expenditure components.

Year-on-year, overall CPI inflation rose to 1.1 (seasonally adjusted), down from 1.2 percent in November. The core rate in firmed to 0.7 percent from 0.6 percent in October. On an unadjusted year-ago basis, the headline number was up 1.1 percent in November while the core was up 0.8 percent.

Source Bloomberg

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