November CPI, Core Each Rise 0.2%

Hume, Lynn
December 2004
Bond Buyer;12/20/2004, Vol. 350 Issue 32033, p2
Trade Publication
The article reports that the seasonally adjusted index of consumer prices (CPI) lose 0.2% in November, while the core rate, which excludes food and energy prices, also gained 0.2% in the U.S. The increase in the November CPI follows an unrevised increase of 0.6% in October. Before adjustment for seasonal factors, all consumer prices were up 3.5% from November 2003, the Labor Department said. The overall 0.2% increase in the CPI was driven in part by gains of 0.4% in education and communication prices, 0.2% in housing prices 0.2% in medical care prices, 0.2% in food prices and 0.2% in energy prices. Among food items, retail prices for vegetables were up 6.3%, after an 8,8% gain in October and prices for fresh fruits were up 1.7% after a 6.3% increase the prior month. Offsetting the gains in the education and communication, housing, medical care, food, and energy prices were decreases in transportation prices, which were down 0.1%, after an unrevised gain of 2.3% in October.


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