US CPI rises 0.1% in November

JAKARTA: The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in November on a seasonally adjusted basis, the US Bureau of Labor Statistics reported yesterday. Over the last 12 months, the all items index increased 1.1% before seasonal adjustment.The indexes for food, energy, and all items less food and energy all increased slightly in November. The index for food at home rose in November after being unchanged in October, with the indexes for eggs and nonalcoholic beverages both rising notably. Although the index for gasoline rose, the index for household energy declined and the increase in the energy index was the smallest in five months.The index for all items less food and energy rose in November after being unchanged the previous three months. Increases in the indexes for shelter and airline fares accounted for most of the rise, while the indexes for new vehicles, used cars and trucks, and household furnishings and operations all declined.Over the last 12 months, the index for all items less food and energy has risen 0.8%. The energy index has risen 3.9% over that span with the gasoline index up 7.3% but the household energy index down 0.2%. The food index has risen 1.5%, with the food at home index up 1.7%.

In the meantime, US industrial production also rose 0.4% in November from 0.0% in October. The data was positive for US dollar. (NOM)

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