United States Inflation Rate Mom

The CPI in the US increased 0.3% month-over-month in November 2024, the most since April, slightly above October's 0.2% and in line with market expectations. The index for shelter rose 0.3% (vs 0.4% in October), accounting for nearly forty percent of the monthly all items increase. Food prices went up 0.4% (vs 0.2%) and energy went up 0.2%, ked by gasoline (0.6%)fuel oil (0.6%) and natural gas (1%). Other increases were seen in prices for used cars and trucks (2% vs 2.7%), household furnishings and operations (0.6%), medical care (0.4% vs 0.4%), new vehicles (0.6% vs 0%), and recreation. The index for communication on the other hand, was down 1%.