Consumer Price Index higher for fifth straight month
December 15, 2010
by Eric Schroeder
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%.