Year-on-year, energy prices jumped 9.4 percent in November, following a 6.4 percent rise in October, as cost increased at a faster pace for gasoline (16.5 percent from 10.8 percent in October), fuel oil (18.6 percent from 11.7 percent), electricity (2.5 percent from 2 percent) and utility piped gas service (3.6 percent from 3.2 percent). Also, prices rose faster for food (1.4 percent from 1.3 percent in October) and medical care commodities (1.8 percent from 0.9 percent). Meanwhile, inflation slowed for transportation services (3.8 percent from 4.2 percent in October) and medical care services (1.6 percent from 1.9 percent), and was it steady at 3.2 percent for shelter. Cost declined for apparel (-1.6 percent from -0.6 percent in October), new vehicles (-1.1 percent from -1.4 percent) and used cars and trucks (-2.1 percent from -2.9 percent).
On a monthly basis, consumer prices rose 0.4 percent, faster than a 0.1 percent advance in October and in line with expectations. The energy index rose 3.9 percent and accounted for about three-fourths of the all items increase. The gasoline index increased 7.3 percent, and the other energy component indexes also rose. The food index was unchanged in November, with the index for food at home declining slightly.
Excluding food and energy, consumer prices edged up 0.1 percent on the month, following a 0.2 percent rise in October and missing consensus of 0.2 percent. Year-on-year, core consumer prices rose 1.7 percent, easing from a 1.8 percent gain in the previous month and missing expectations of 1.8 percent.