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Category: Economics and Inflation
Date: 18 December 2019 All Urban Consumers Inflation for October 2019: 2.1% The article below covers the latest inflation numbers published by the Bureau of Labor Statistics (BLS) for the month of November 2019. On a year on year basis (not seasonally adjusted) came in at 2.1%
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A short summary as published by the Bureau of Labor statistics
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.3 percent in November on a seasonally adjusted basis, after rising 0.4 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.1 percent before seasonal adjustment. Increases in the shelter and energy indexes were major factors in the seasonally adjusted monthly increase of the all items index. Increases in the indexes for medical care, for recreation, and for food also contributed to the overall increase.
The gasoline index rose 1.1 percent in November and the other major energy component indexes also increased. The food index rose 0.1 percent, with the indexes for both food at home and food away from home increasing over the month. The index for all items less food and energy rose 0.2 percent in November, the same increase as in October.
Along with the indexes for shelter, for medical care, and for recreation, the indexes for used cars and trucks and for apparel also rose in November. The new vehicles index fell in November, as did the index for airline fares. The all items index increased 2.1 percent for the 12 months ending November, a larger rise than the 1.8-percent increase for the period ending October. The index for all items less food and energy rose 2.3 percent over the last 12 months. The food index rose 2.0 percent over the last l2 months, while the energy index declined 0.6 percent over the last year.
The gasoline index rose 1.1 percent in November and the other major energy component indexes also increased. The food index rose 0.1 percent, with the indexes for both food at home and food away from home increasing over the month. The index for all items less food and energy rose 0.2 percent in November, the same increase as in October.
Along with the indexes for shelter, for medical care, and for recreation, the indexes for used cars and trucks and for apparel also rose in November. The new vehicles index fell in November, as did the index for airline fares. The all items index increased 2.1 percent for the 12 months ending November, a larger rise than the 1.8-percent increase for the period ending October. The index for all items less food and energy rose 2.3 percent over the last 12 months. The food index rose 2.0 percent over the last l2 months, while the energy index declined 0.6 percent over the last year.
Energy
The energy index increased 0.8 percent in November after rising 2.7 percent in October. The gasoline index rose 1.1 percent in November following a 3.7-percent increase in October. (Before seasonal adjustment, gasoline prices fell 1.1 percent in November.) Other major energy indexes also rose in November, with the index for natural gas rising 1.1 percent and the index for electricity increasing 0.3 percent. The energy index declined 0.6 percent over the past 12 months. The gasoline index fell 1.2 percent and the fuel oil index decreased 6.7 percent over the year. In contrast, the index for natural gas rose 1.l percent and the index for electricity advanced 0.5 percent. All items less food and energy The index for all items less food and energy increased 0.2 percent in November, as it did in October. The medical care index increased 0.3 percent. The index for hospital services also rose 0.3 percent and the index for physicians' services increased 0.1 percent. The index for prescription drugs fell 0.1 percent in November after increasing 1.8 percent in October. The shelter index rose 0.3 percent in November.
The index for rent also rose 0.3 percent, while the index for owners’ equivalent rent increased 0.2 percent over the month. The index for lodging away from home rose 1.1 percent in November after falling 3.8 percent in October. The education index and the apparel index both increased 0.1 percent over the month.
The energy index increased 0.8 percent in November after rising 2.7 percent in October. The gasoline index rose 1.1 percent in November following a 3.7-percent increase in October. (Before seasonal adjustment, gasoline prices fell 1.1 percent in November.) Other major energy indexes also rose in November, with the index for natural gas rising 1.1 percent and the index for electricity increasing 0.3 percent. The energy index declined 0.6 percent over the past 12 months. The gasoline index fell 1.2 percent and the fuel oil index decreased 6.7 percent over the year. In contrast, the index for natural gas rose 1.l percent and the index for electricity advanced 0.5 percent. All items less food and energy The index for all items less food and energy increased 0.2 percent in November, as it did in October. The medical care index increased 0.3 percent. The index for hospital services also rose 0.3 percent and the index for physicians' services increased 0.1 percent. The index for prescription drugs fell 0.1 percent in November after increasing 1.8 percent in October. The shelter index rose 0.3 percent in November.
The index for rent also rose 0.3 percent, while the index for owners’ equivalent rent increased 0.2 percent over the month. The index for lodging away from home rose 1.1 percent in November after falling 3.8 percent in October. The education index and the apparel index both increased 0.1 percent over the month.
Not seasonally adjusted CPI measures
The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.1 percent
over the last 12 months to an index level of 257.208 (1982-84=100). For the month,
the index decreased 0.1 percent prior to seasonal adjustment.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W)
increased 1.9 percent over the last 12 months to an index level of 250.644
(1982-84=100). For the month, the index decreased 0.1 percent prior to seasonal
adjustment.
The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 1.9
percent over the last 12 months. For the month, the index decreased 0.1 percent
on a not seasonally adjusted basis. Please note that the indexes for the past 10
to 12 months are subject to revision.
The image below shows the 12 month percentage change of the USA consumer inflation for selected categories such as Food, Energy and all items excluding food and energy (not seasonally adjusted)
The Consumer Price Index for All Urban Consumers rose 2.1 percent for the 12 months ending November 2019, a larger rise than the 1.8-percent increase for the period ending October.
The index for all items less food and energy rose 2.3 percent over the last 12 months. Food prices rose 2.0 percent over the last 12 months, while energy prices declined 0.6 percent over the last year.
Prices for food at home increased 1.0 percent over the last 12 months. All the major grocery store food group prices rose over the period, with increases ranging from 0.4 percent (both fruits and vegetables prices and other food at home prices) to 2.6 percent (prices for dairy and related products). Prices for food away from home rose 3.2 percent over the last year, as prices for full service meals increased 3.6 percent and prices for limited service meals rose 3.0 percent.
Energy prices declined 0.6 percent over the past 12 months. Gasoline prices fell 1.2 percent and fuel oil prices decreased 6.7 percent over the year. In contrast, natural gas prices rose 1.1 percent and electricity prices increased 0.5 percent.
The image below shows the 12 months percentage change in the inflation rate of various regions within the USA. And since mid 2013, the west of the USA has on average a far greater inflation rate than other regions within the USA.
The index for all items less food and energy rose 2.3 percent over the last 12 months. Food prices rose 2.0 percent over the last 12 months, while energy prices declined 0.6 percent over the last year.
Prices for food at home increased 1.0 percent over the last 12 months. All the major grocery store food group prices rose over the period, with increases ranging from 0.4 percent (both fruits and vegetables prices and other food at home prices) to 2.6 percent (prices for dairy and related products). Prices for food away from home rose 3.2 percent over the last year, as prices for full service meals increased 3.6 percent and prices for limited service meals rose 3.0 percent.
Energy prices declined 0.6 percent over the past 12 months. Gasoline prices fell 1.2 percent and fuel oil prices decreased 6.7 percent over the year. In contrast, natural gas prices rose 1.1 percent and electricity prices increased 0.5 percent.
The image below shows the 12 months percentage change in the inflation rate of various regions within the USA. And since mid 2013, the west of the USA has on average a far greater inflation rate than other regions within the USA.
The image above shows the unadjusted 12 month percentage change per region in the USA since November 1999. In the graphic above we focused on the inflation rate of the following regions:
- South
- West
- Midwest
- NorthEast