US: Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in November
"The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in November on a seasonally adjusted basis," the U.S. Bureau of Labor Statistics announced on Wednesday.
Key highlights
Over the last 12 months, the all items index rose 2.2 percent.
The energy index rose 3.9 percent and accounted for about three-fourths of the all items increase.
The gasoline index increased 7.3 percent, and the other energy component indexes also rose.
The index for all items less food and energy increased 0.1 percent in November.
The all items index rose 2.2 percent for the 12 months ending November.
The index for all items less food and energy rose 1.7 percent, a slight decline from the 1.8-percent increase for the period ending October.
The energy index rose 9.4 percent over the last 12 months, and the food index rose 1.4 percent.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
