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Wednesday, December 15, 2010

CPI Up 0.1%; Core Prices Up 0.1%

In November, the Consumer Price Index rose 0.1%. Unlike in most recent months, energy prices did not rise by a significant amount. Therefore, the core index, which excludes prices of energy and food products, rose by a similar 0.1%.

From a year prior, the CPI was 1.1% higher, tying its recent low of 1.1% in September. The core CPI was up by just 0.7% from a year prior. This was just 0.1% above October’s year-over- year change, which was the smallest rise in the post WWII era. There currently remains a very low level of underlying inflation. This number further supports the Fed’s view that inflationary pressure is currently very mild if not outright deflationary.





























































Mo. % ChangeNovOctSepAugJulJun
    CPI0.10.20.10.30.3-0.1
    Core CPI0.10.00.00.00.10.2
Year/ Year % Ch.
    CPI1.11.21.11.21.31.1
    Core CPI0.70.60.81.01.01.0

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