Year-on-year, prices slowed for fuel oil (16.1 percent compared to 26.2 percent in October); gasoline (5 percent compared to 16.1 percent); electricity (0.6 percent compared to 0.7 percent); transportation services (3.3 percent compared to 3.8 percent); new vehicles (0.3 percent compared to 0.5 percent); medical care commodities (0.6 percent compared to 0.7 percent). Also, cost fell for apparel (-0.4 percent, the same as in October); and utility piped gas service (-2.1 percent, the same as in October). On the other hand, inflation was steady for shelter (3.2 percent) and went up food (1.4 percent compared to 1.2 percent); medical care services (2.4 percent compared to 1.9 percent); and used cars and trucks (2.3 percent compared to 0.4 percent).
Excluding food and energy, consumer prices increased 2.2 percent over a year earlier, higher than 2.1 percent in October and in line with forecasts.
On a monthly basis, the gasoline index declined 4.2 percent in November, offsetting increases in an array of indexes including shelter and used cars and trucks. Other major energy component indexes were mixed, with the index for fuel oil falling but the indexes for electricity and natural gas rising. The food index rose in November, with the indexes for food at home and food away from home both increasing.
The all items less food and energy index increased 0.2 percent in November, the same as in October and also in line with forecasts. Along with the indexes for shelter and used cars and trucks, the indexes for medical care, recreation, and water and sewer and trash collection also increased. The indexes for wireless telephone services, airline fares, and motor vehicle insurance declined in November.