Consumer Goods Prices and Inflation

November inflation was slightly hotter

Once again, housing was the biggest contributor to the cost of living

Inflation ticked slightly higher in November, as the Consumer Price Index rose 0.3% from October. On an annual basis, inflation is running at ab out 2.7%, just above the Federal Reserve’s target of 2%.

When the volatile food and energy sectors are removed, the CPI increase remained the same, suggesting those two sectors are coming down. Once again, it was the cost of shelter that accounted for 40% of the increase.

The cost of shelter rose 0.3% in November, down from Octob...