Consumer Price Index higher for fifth straight month

by Eric Schroeder
Share This:

WASHINGTON — The overall Consumer Price Index increased 0.1% in November, its fifth consecutive month of gains. The increase follows advances of 0.2% in October, 0.1% in September and 0.3% in both August and July. At 219.1, the index was up 1.1% over the past 12 months, according to the Bureau of Labor Statistics of the Department of Labor. The index for food and beverages also finished higher, rising 0.2% to 221.2. The index rose 0.1% in October, 0.3% in September and 0.1% in August.

The increase in the energy index was the smallest in five months, rising only 0.2% after advances of 2.6% in October, 0.7% in September, 2.3% in August, and 2.6% in August. Over the past 12 months, the index for energy has risen 3.9%, with the gasoline index up 7.3% but the household energy index down 0.2%.

The food index rose 0.2% to 220.8 after rising 0.1% in October. Over the past 12 months, the food index has risen 1.5%, with the food at home index up 1.7%.

The sharpest increase during November occurred in the index for nonalcoholic beverages, which rose 0.8% to 162.2.

Meanwhile, the index for meats, poultry, fish and eggs rose 0.5% to 212.7 behind a 6.6% increase in the index for eggs.

The cereals and bakery products index rose 0.4% during November to 251.1, while food at home increased 0.3% to 216.9.

The index for other food at home rose 0.1% during November.

The index for dairy and related products, which rose 1.1% in October, was unchanged in November at 201.3.

The only major grocery store food group index to decline in November was fruits and vegetables, which fell 0.2%. The decline followed a 0.7% decrease in October. Within that group, the index for fresh fruits rose 2% but the fresh vegetable index fell 2%.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.