Consumer Price Index Increased in November

The U.S. Bureau of Labor Statistics (BLS) is reporting that the Consumer Price Index (CPI), excluding the volatile food and energy components (“core” CPI) was 0.2% higher on a seasonally adjusted basis after being reported flat in October. Over the last 12 months, the all-item index, increased 1.2%, the same increase recorded in October. The index for all items less food and energy rose 1.6% percent over the last 12 months, also the same increase as in the period ending October. The food index rose 3.7% over the last 12 months, while the energy index fell -9.4%.