U.S. flag

An official website of the United States government

Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Consumer Price Index in November 2008

December 17, 2008

On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) decreased 1.7 percent in November, the second consecutive record decrease. Falling energy prices, particularly gasoline, drove the decline in the overall index.

Percent change from 12 months ago, Consumer Price Index for All Urban Consumers, not seasonally adjusted, November 1999-November 2008
[Chart data—TXT]

The energy index fell 17.0 percent in November. The decrease was about twice the October decline and energy prices are now 32.4 percent below the July peak earlier this year. The gasoline index fell 29.5 percent in November and gas prices are now 47.0 percent below their July peak. The natural gas index also declined in November, the fourth consecutive decrease.

Food prices increased 0.2 percent in November following a 0.3-percent rise in October.

Excluding food and energy, the CPI was virtually unchanged in November and is up 2.0 percent since November 2007.

For the 12-month period ending in November the CPI was up 1.1 percent, compared to 5.6 percent for the twelve months ending July of this year, as shown in the chart.

These data are from the BLS Consumer Price Index program. To learn more, see "Consumer Price Index: November 2008," (PDF) (HTML) news release USDL 08-1827.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer Price Index in November 2008 at https://www.bls.gov/opub/ted/2008/dec/wk3/art03.htm (visited August 01, 2021).