Keeping you up to date on the latest data releases.
The CPI was unchanged in November (with an annualized rate of 0.4 percent). Declines in fuel prices were offset by increases in shelter prices and airline fares. Energy prices fell 1.0 percent and are down 2.4 percent over the last 12 months.
At 0.2 percent (1.9 percent annual rate), the change in the core CPI was 0.1 percent higher than in September and October. Federal Reserve Bank of Cleveland-based measures of underlying inflation increased at similar rates in November: 0.2 percent (2.2 percent annual rate) for the Median CPI and 0.1 percent (1.2 percent annual rate) for the trimmed-mean CPI.
The twelve-month change in the median CPI remained at 2.0 percent for the third month in a row. Over the past twelve months through November, the core CPI rose 1.7 percent and the trimmed-mean CPI rose 1.6 percent. Both are similar to what they have been for the prior five months. The twelve-month change in the all-items index rose from 1.0 percent in October to 1.2 percent.
In November, the most common ranges of annualized price changes of components of the CPI were less than 1 percent (31.0 percent) and 1 percent to 3 percent (27.0 percent) and. Note that the components are weighted by their relative importance in the CPI.