The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.3 percent in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.8 percent before seasonal adjustment.
The gasoline index fell 7.4 percent in November; this decrease more than offset increases in other indexes, resulting in the decline in the seasonally adjusted all items index. The energy index fell 4.1 percent in November despite increases in the indexes for natural gas and electricity. The food index rose 0.2 percent with the food at home index increasing 0.3 percent, the same increases as in October.
So the basic movement is fuel, when you get down to it.
What I find so amusing is that "medical care services" is listed as 5.4% of one's expense profile and the unadjusted 12 month change is shown as 3.7%. Perhaps one should be itemizing health insurance somewhere, eh, seeing as there are a number of reports of 20% increases being filed in places like California.
Isn't it amazing that one of the largest drivers of spending increases in real terms, whether government or private, isn't in the indices?
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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