CPI Details: Where the costs are falling (and rising)

The Consumer Price Index had its biggest one month drop ever. The CPI numbers came in this morning down 1.7% for the month, exceeding expectations. The core rate, excluding energy and food, remained unchanged. On a year over year basis, inflation is now running just over 1.0%.

Here is a breakdown of the inflation benchmark to show you where costs are rising and falling most. For November, energy prices were down a record 17.0% down and are now down 13.4% from one year ago.

  • CPI: Down -1.68%
    • Ex Food & Energy: Up +.02%
    • Food: Up +.16%
    • Energy: Down -16.98%
  • Housing: Down -.10%
  • Apparel: Up +.27%
  • Transportation: Down -9.75%
  • Medical Care: Up +.23%
  • Recreation: Up +.01%
  • Education & Communication: Up +.22%
  • Other Goods & Svcs: Down -.03%

The unchanged core should give the Fed confidence that deflation is not the critical issue today and futures are pointing up. Some of the Dow stocks up over 1% in the pre-market include Boeing , 3M , Caterpillar , General Electric , General Motors , JP Morgan Chase , and Merck .

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