Consumer Price Index fell by 0.3 percent in November

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.3 percent in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.8 percent before seasonal adjustment. The gasoline index fell 7.4 percent in November; this decrease more than offset increases in other indexes, resulting in the decline in the seasonally adjusted all items index. The index for all items less food and energy increased 0.1 percent in November after a 0.2 percent increase in October. The index for all items less food and energy has risen 1.9 percent over the last 12 months; this figure matches the average annualized increase over the past ten years. All major components have increased over the past 12 months except for used cars and trucks, which has declined 2.3 percent.
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