Consumer Prices: November and Gasoline Prices

consumer prices: The consumer price index rose 0.3% last month following an even bigger increase in October, the government said Wednesday, according to Market Watch. Economists polled by Market Watch had forecast a 0.2% advance. The numbers U.S. households paid more for energy, health care and rent in November, pushing the rate of inflation up to the highest level in a year. The recent spike lifted the increase in the cost of living over the past 12 months to 2.1% from 1.8%. That's the highest level since November 2018. What happened Gasoline prices actually fell in November, but not as much as they normally do at this time of year. Caption outside of wrapper for normal article images Yet even though consumer prices have been bubbling up, inflation in the U.S. is still low by historical standards. (news.financializer.com). As reported in the news.