Consumer Price Index Increases 0.8% in November, Rises 6.8% Year-Over-Year

The U.S. Bureau of Labor Statistics (BLS) reported on Friday (12-10-21) that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8% in November on a seasonally adjusted basis after rising 0.9% in October. Over the past 12-months, the all-item index has increased 6.8% before seasonal adjustment. The largest 12-month increase since the period ending June 1982.

The index for food rose 0.7%, with the index for food at home increasing 0.8%. The energy index increased 3.5% month-over-month, with the gasoline index rising 6.1%. The index for all items less food and energy rose 0.5% percent in November, after increasing 0.6% in October.

The all-items index rose 6.8% for the 12-months ending in November, compared to a 6.2% rise for the period ending in October. The index for all items less food and energy rose 4.9% over the last 12 months, while the energy index rose 33.3% over the last year, and the food index increased 6.1%. These changes are the largest 12-month increases in at least 13 years in the respective series.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.