US Inflation rises to 6.8% in November

Intelligent Economics > Blog > US Inflation rises to 6.8% in November

The increase in the unadjusted Consumer Price Index 12 month for November across all items was 6.8%, the highest since June 1982. The index for all items less food and energy rose 4.9 percent over the last 12 months. Energy rose by 33.3%, the highest of all component indexes. Fuel oil increased the most with 59.3%, all types of gasoline by 58.1%. The food index rose by 6.1% of which the food at home sub-index rose by 6.4%, more than food away from home which increased by 5.8%. These changes are the largest 12-month increases in at least 13 years in the respective series. On a seasonally adjusted basis, the CPI increased by 0.8% after rising 0.9% in October. The indexes for gasoline, shelter, food, used cars and trucks, and new vehicles were among the larger contributors.

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