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Consumer Price Index:Historical Releases/2023 November: Difference between revisions
Consumer Price Index:Historical Releases/2023 November (view source)
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''Return to: [[Consumer Price Index]] | [[Consumer Price Index:Historical Releases|Historical Releases]]'' | [[Consumer Price Index:Historical Releases/2023 October]] | ''Return to: [[Consumer Price Index]] | [[Consumer Price Index:Historical Releases|Historical Releases]]'' | [[Consumer Price Index:Historical Releases/2023 October]] | ||
Full Report: | Full Report: https://www.bls.gov/news.release/cpi.nr0.htm | ||
Publishing date: December 12, 2023 | Publishing date: December 12, 2023 | ||
== Summary == | |||
[[File:Screenshot 2023-12-12 091142.png|center|thumb|735x735px|https://twitter.com/charliebilello/status/1734586964114829718/photo/1]] | |||
* Consumer price index(CPI) rose 0.1% in November versus estimate for a flat growth but rose 3.1% year-over-year, in-line with the estimate. | |||
* Core CPI rose 0.3% in November, in-line with the estimate. | |||
* Year-over-year, core CPI grew by 4.0%, also in-line with the forecast. | |||
* Shelter rose 0.4% on the month (October: +0.3%) while energy prices fell 2.3% (October: -2.5%) | |||
* Supercore inflation reaccelerated to 0.44% from 0.2% in October, driven by medical care and transportation services. | |||
=== Contributors === | |||
The index for shelter continued to rise in November, offsetting a decline in the gasoline index. | |||
* The shelter index was the largest factor in the monthly increase in the index for all items less food and energy. | |||
* The used cars and trucks index rose 1.6 percent in November, ending a string of five consecutive monthly decreases in that index. | |||
* Among the other indexes that rose in November was the index for motor vehicle insurance, which increased 1.0 percent after rising 1.9 percent the preceding month. The medical care index rose 0.6 percent in November, after rising 0.3 percent in October. The index for physicians' services increased 0.6 percent over the month, and the index for prescription drugs rose 0.5 percent. The hospital services index rose 0.1 percent in November. | |||
* The index for apparel fell 1.3 percent in November, after rising 0.1 percent the previous month. The index for household furnishings and operations declined 0.4 percent over the month, and the index for communication decreased 0.6 percent in November. Other indexes which declined in November include recreation, airline fares, and new vehicles. | |||
=== Categories watched by the FED === | |||
{| class="wikitable" | |||
!Index | |||
!M/M | |||
!Y/Y | |||
!Prev. M/M | |||
!Prev. Y/Y | |||
|- | |||
|Core Goods | |||
| -0.3% | |||
|0.0% | |||
| -0.1% | |||
|0.1% | |||
|- | |||
|Core Services | |||
|0.5% | |||
|5.5% | |||
|0.3% | |||
|5.5% | |||
|- | |||
|Shelter | |||
|0.4% | |||
|6.5% | |||
|0.3% | |||
|6.7% | |||
|- | |||
|Services less shelter "super-core" | |||
|0.44% | |||
|3.87% | |||
|0.215% | |||
|3.7% | |||
|} | |||
==CPI expectations== | ==CPI expectations== | ||