BLS: CPI increased 0.8% in November; Core CPI increased 0.5%

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent
in November on a seasonally adjusted basis after rising 0.9 percent in October,
the U.S. Bureau of Labor Statistics reported today. Over the last 12 months,
the all items index increased 6.8 percent before seasonal adjustment.

The monthly all items seasonally adjusted increase was the result of broad
increases in most component indexes, similar to last month. The indexes for
gasoline, shelter, food, used cars and trucks, and new vehicles were among the
larger contributors. The energy index rose 3.5 percent in November as the
gasoline index increased 6.1 percent and the other major energy component
indexes also rose. The food index increased 0.7 percent as the index for food
at home rose 0.8 percent.

The index for all items less food and energy rose 0.5 percent in November
following a 0.6-percent increase in October. Along with shelter, used cars and
trucks, and new vehicles, the indexes for household furnishings and operations,
apparel, and airline fares were among those that increased. The indexes for
motor vehicle insurance, recreation, and communication all declined in November.

The all items index rose 6.8 percent for the 12 months ending October, the
largest 12-month increase since the period ending June 1982. The index for all
items less food and energy rose 4.9 percent over the last 12 months, while the
energy index rose 33.3 percent over the last year, and the food index increased
6.1 percent. These changes are the largest 12-month increases in at least 13
years in the respective series.
emphasis added