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Consumer prices up 3.1 percent from November 2022 to November 2023

December 20, 2023

Over the year ended November 2023, the Consumer Price Index for All Urban Consumers increased 3.1 percent (not seasonally adjusted), after a 3.2-percent increase from October 2022 to October 2023.

12-month percentage change, Consumer Price Index, selected categories, November 2023, not seasonally adjusted
Category 12-month percent change, Nov 2023

All items

3.1

Food

2.9

Food at home

1.7

Cereals and bakery products

3.4

Meats, poultry, fish, and eggs

0.1

Dairy and related products

-1.4

Fruits and vegetables

0.4

Nonalcoholic beverages and beverage materials

2.9

Other food at home

3.3

Food away from home

5.3

Full service meals and snacks

4.3

Limited service meals and snacks

6.0

Energy

-5.4

Energy commodities

-9.8

Fuel oil

-24.8

Gasoline (all types)

-8.9

Energy services

-0.1

Electricity

3.4

Natural gas (piped)

-10.4

All items less food and energy

4.0

Commodities less food and energy commodities

0.0

Apparel

1.1

New vehicles

1.3

Used cars and trucks

-3.8

Medical care commodities

5.0

Alcoholic beverages

2.9

Tobacco and smoking products

7.7

Services less energy services

5.5

Shelter

6.5

Rent of primary residence

6.9

Owners' equivalent rent of residences

6.7

Medical care services

-0.9

Physicians' services

-0.7

Hospital services

6.3

Transportation services

10.1

Motor vehicle maintenance and repair

8.5

Motor vehicle insurance

19.2

Airline fare

-12.1

Prices for all items less food and energy  rose 4.0 percent over the last 12 months, as it did for the 12 months ending October. Energy prices decreased 5.4 percent for the 12 months ending November, while food prices increased 2.9 percent over the last year.

Prices for energy commodities fell 9.8 percent over the year, led by an 8.9-percent decrease in gasoline and a 24.8-percent decrease in fuel oil. In commodities less food and energy commodities, prices for new vehicles rose 1.3 percent, while prices for used cars and trucks fell 3.8 percent. In services less energy services, prices for shelter rose 6.5 percent, while medical care services prices fell 0.9 percent over the year.

These data are from the Consumer Price Index program and are not seasonally adjusted. To learn more, see "Consumer Price Index — November 2023." We also have 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 prices up 3.1 percent from November 2022 to November 2023 at https://www.bls.gov/opub/ted/2023/consumer-prices-up-3-1-percent-from-november-2022-to-november-2023.htm (visited July 25, 2024).

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