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Jan CPI rose 6.4% vs. 6.2% estimates
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doctorpot1 joined discussion · Dec 13, 2022 21:46

US CPI at 7.1% better than the 7.3% that was expected. CPI for all items rises 0.1% in November as gasoline and used car price decreases

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1% in November on a seasonally adjusted basis, after increasing 0.4% in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.1% before seasonal adjustment.
The index for shelter was by far the largest contributor to the monthly all items increase, more than offsetting decreases in energy indexes. The food index increased 0.5% over the month with the food at home index also rising 0.5%. The energy index decreased 1.6% over the month as the gasoline index, the natural gas index, and the electricity index all declined.
The index for all items less food and energy rose 0.2% in November, after rising 0.3% in October. The indexes for shelter, communication, recreation, motor vehicle insurance, education, and apparel were among those that increased over the month. Indexes which declined in November include the used cars and trucks, medical care, and airline fares indexes.
The all items index increased 7.1% for the 12 months ending November; this was the smallest 12-month increase since the period ending December 2021. The all items less food and energy index rose 6.0% over the last 12 months. The energy index increased 13.1% for the 12 months ending November, and the food index increased 10.6% over the last year; all of these increases were smaller than for the period ending October.
US CPI at 7.1% better than the 7.3% that was expected. CPI for all items rises 0.1% in November as gasoline and used car price decreases
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