12-Month Inflation Rate Increases by Smallest Amount Since December  

The Consumer Price Index rose only 0.1% in November, after increasing by 0.4% in October, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the “all items” index increased 7.1% before seasonal adjustment, down from 7.7% for October. 

The U.S. Consumer Price Index report for November showed that the index for shelter was the largest contributor and offset a 1.6% decrease in the energy index, while the food index increased by 0.5%. 

Stocks closed higher on the news that year-over-year inflation is cooling. Today, the U.S. Federal Reserve is expected to increase interest rates based on labor market challenges. Click here to read the BLS press release.  

Scroll to Top