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Beneath the Skin of CPI Inflation: CPI & “Core” CPI Accelerate Further Month-to-Month, Three-Month Averages Heat Up For Fourth Month. Year-Over-Year, CPI Accelerates for Second Month.

December 12, 2024

On re-spiking motor vehicle prices, jumping food & gasoline prices. But housing inflation backs off.

The overall Consumer Price Index rose by 0.31% (+3.8% annualized) in November from October, the sharpest increase since April. It has been accelerating since June (blue).

The three-month average jumped by 3.0% annualized, also the sharpest increase since April, and the fourth month-to-month acceleration in a row:

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