By Tom Burnett CFA
On December 10, 2021, the Bureau of Labor Statistics released consumer price information for the month of November. The CPI increased by 0.8% in November, following an increase of 0.9% in October. The month with the smallest 2021 CPI increase was August with a rate of 0.3%. The price index rose by 6.8% over the 12 months ending in November, the highest annual increase since 1982.
The Core rate, excluding food and energy, rose 0.5% in November, after an increase of 0.6% in October. The Core index rose by 4.9% over the past 12 months which is the largest increase for that index in the past 13 years. Over the past 12 months, the energy index has risen by 33.3% and the food index has increased by 6.1%.
The CPI data for December 2021 will be released on January 12, 2022.
Tom Burnett CFA is Director of Research