Inflation Unchanged in November
The government’s key measure of consumer inflation was unchanged in November on a seasonally adjusted basis after rising 0.3 percent in October, the U.S. Bureau of Labor Statistics reports.
Specifically, the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in November.
Over the last 12 months, the all items index increased 2.2 percent before seasonal adjustment.
The gasoline index declined 4.2 percent in November, offsetting increases in an array of indexes including shelter and used cars and trucks.
Other major energy component indexes were mixed, with the index for fuel oil falling but the indexes for electricity and natural gas rising.
The food index rose in November, with the indexes for food at home and food away from home both increasing.
So, lower energy prices offset rising prices on otheressential goods and services.
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