Consumer prices up 2.2 percent over 12 months ended November 2018

December 14, 2018

From November 2017 to November 2018, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.2 percent, the same as the increase for the year ending November 2017. Over the year ending November 2018, energy prices rose 3.1 percent, the smallest 12-month increase since the year ending June 2017.

12-month percentage change, Consumer Price Index, selected categories, November 2018, not seasonally adjusted
Category 12-month percent change

All items

2.2%

Food

1.4

Food at home

0.4

Cereals and bakery products

1.3

Meats, poultry, fish, and eggs

0.4

Dairy and related products

-0.5

Fruits and vegetables

-0.1

Nonalcoholic beverages and beverage materials

1.0

Other food at home

0.4

Food away from home

2.6

Energy

3.1

Energy commodities

5.4

Fuel oil

16.1

Motor fuel

5.2

Gasoline (all types)

5.0

Energy services

0.0

Electricity

0.6

Utility (piped) gas service

-2.1

All items less food and energy

2.2

Commodities less food and energy commodities

0.2

Apparel

-0.4

New vehicles

0.3

Used cars and trucks

2.3

Medical care commodities

0.6

Alcoholic beverages

1.8

Tobacco and smoking products

3.4

Services less energy services

2.9

Shelter

3.2

Rent of primary residence

3.6

Owners' equivalent rent of residences

3.3

Medical care services

2.4

Physicians' services

0.8

Hospital services

3.5

Transportation services

3.3

Motor vehicle maintenance and repair

2.7

Motor vehicle insurance

5.5

Airline fares

-1.6

Food prices increased 1.4 percent for the year ended November 2018. Prices for food at home increased 0.4 percent, while prices for food away from home rose 2.6 percent. In November 2018, prices for cereals and bakery products rose 1.3 percent, the largest 12-month increase among the six grocery store food groups. 

Within energy, gasoline prices rose 5.0 percent for the 12 months ending November 2018, and fuel oil prices increased 16.1 percent. Electricity prices increased 0.6 percent and natural gas prices declined 2.1 percent.

From November 2017 to November 2018, prices for all items less food and energy rose 2.2 percent. Shelter prices rose 3.2 percent and prices for medical care services rose 2.4 percent, as prices for hospital services rose 3.5 percent.

These data are from the Consumer Price Index program and are not seasonally adjusted. For more information, see "Consumer Price Index — November 2018." Also see Charts related to the latest "U.S. Consumer Price Index" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 2.2 percent over 12 months ended November 2018 on the Internet at https://www.bls.gov/opub/ted/2018/consumer-prices-up-2-point-2-percent-over-12-months-ended-november-2018.htm (visited January 22, 2019).

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