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Consumer Price Index up 7.1 percent over the year ended November 2022

December 16, 2022

The Consumer Price Index for All Urban Consumers rose 0.1 percent in November 2022, seasonally adjusted, after increasing 0.4 percent in October. Over the past 12 months, the all items index increased 7.1 percent, not seasonally adjusted; this was the smallest 12-month increase since December 2021.

1-month and 12-month percent changes in Consumer Price Index for all Urban Consumers, January 2022—November 2022
Category 1-month change 12-month change
All items   Food     Energy   All items less
food and energy
All items   Food     Energy   All items less
food and energy

Jan 2022

0.6% 0.9% 0.9% 0.6% 7.5% 7.0% 27.0% 6.0%

Feb 2022

0.8 1.0 3.5 0.5 7.9 7.9 25.6 6.4

Mar 2022

1.2 1.0 11.0 0.3 8.5 8.8 32.0 6.5

Apr 2022

0.3 0.9 -2.7 0.6 8.3 9.4 30.3 6.2

May 2022

1.0 1.2 3.9 0.6 8.6 10.1 34.6 6.0

Jun 2022

1.3 1.0 7.5 0.7 9.1 10.4 41.6 5.9

Jul 2022

0.0 1.1 -4.6 0.3 8.5 10.9 32.9 5.9

Aug 2022

0.1 0.8 -5.0 0.6 8.3 11.4 23.8 6.3

Sep 2022

0.4 0.8 -2.1 0.6 8.2 11.2 19.8 6.6

Oct 2022

0.4 0.6 1.8 0.3 7.7 10.9 17.6 6.3

Nov 2022

0.1 0.5 -1.6 0.2 7.1 10.6 13.1 6.0

Note: 1-month estimates are seasonally adjusted. 12-month estimates are not seasonally adjusted.

Prices for food increased 0.5 percent in November 2022, following a 0.6-percent increase in October. Food prices have increased 10.6 percent over the past year. Within this category, prices of food at home rose 12.0 percent over the last 12 months, while prices of food away from home rose 8.5 percent.

Prices for energy decreased 1.6 percent in November 2022, after rising 1.8 percent in October. Energy prices rose 13.1 percent over the past 12 months. Within the energy category, gasoline prices increased 10.1 percent over the year and the fuel oil prices rose 65.7 percent. Prices for electricity rose 13.7 percent over the last 12 months, while prices for natural gas increased 15.5 percent over the year.

Prices for all items less food and energy rose 0.2 percent in November, its smallest increase since August 2021. The all items less food and energy index increased 6.0 percent over the last 12 months. Within this category, prices for shelter increased 7.1 percent over the last year, accounting for nearly half of the total increase in all items less food and energy. Other notable increases over the past year include household furnishings and operations, medical care, new vehicles, and recreation.

These data are from the Consumer Price Index program. To learn more, see "Consumer Price Index — November 2022." Also see more charts related to the latest Consumer Price Index news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer Price Index up 7.1 percent over the year ended November 2022 at https://www.bls.gov/opub/ted/2022/consumer-price-index-up-7-1-percent-over-the-year-ended-november-2022.htm (visited May 29, 2024).

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