Inflation went up by 0.3% in America last month, according to the U.S. Bureau of Labour Statistics (BLS) based on the latest Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.3% on a seasonally adjusted basis in November.
This increase follows a 0.2% increase rise in each of the previous four months. Over the past 12 months, the all-items index surged by 2.7% before seasonal adjustment. Last month, the shelter index rose by 0.3%, contributing to nearly forty per cent of the rise in the all-items index.
The food index increased by 0.4%, with the food at home index rising by 0.5% and the food away from home index increasing by 0.3%. The energy index rose by 0.2% after being unchanged in October.
Excluding food and energy, the CPI-U for all other items climbed by 0.3% in November, consistent with the increases in the previous three months. Notable contributors included shelter, used cars and trucks, household furnishings and operations, medical care, new vehicles, and recreation, while the index for communication went down.
Over the 12 months ending in November, the all-items index rose by 2.7%, up from a 2.6% increase over the 12 months ending in October. The index for all items less food and energy increased by 3.3%, while the energy index dropped by 3.2%, and the food index rose by 2.4%
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