Consumer Price Index up in November

by Eric Schroeder
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WASHINGTON — The overall Consumer Price Index rose 0.4% in November to 217.3, according to the Bureau of Labor Statistics of the Department of Labor. With the gain, the index now has increased 1.8% over the past 12 months, the first positive 12-month change since February 2009. The index for food and beverages, which fell 0.1% in September before rising 0.1% in October, again rose 0.1% in November to 218.

The energy index increased for the sixth time in the past seven months, rising 4.1% as the index for gasoline rose sharply and the indexes for electricity, fuel oil, and natural gas also increased.

The food index rose 0.1% in November after climbing 0.1% in October. Driving the gain in food was a 0.3% increase in the index for meats, poultry, fish and eggs. The advance to 201.2 comes on the heels of declines of 1% and 0.2% in September and October, respectively.

The index for cereals and bakery products rose 0.1% in November to 252.2 after being unchanged in October, while the index for fruits and vegetables also climbed 0.1% to 268.6.

The index for dairy and related products sustained the sharpest drop, easing 0.7% to 193.9.

The alcoholic beverage index posted the largest gain, at 0.4%, while the index for food at home remained unchanged at 213.3.

The index for nonalcoholic beverages fell for the second straight month, declining 0.3% in November to 162.1.

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