CONSUMER PRICE INDEX – NOVEMBER 2024
(U.S. Bureau of Labor Statistics)
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis
in November, after rising 0.2 percent in each of the previous 4 months, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment.
The index for shelter rose 0.3 percent in November, accounting for nearly forty percent of the monthly all
items increase. The food index also increased over the month, rising 0.4 percent as the food at home index
increased 0.5 percent and the food away from home index rose 0.3 percent. The energy index rose 0.2 percent
over the month, after being unchanged in October.
The index for all items less food and energy rose 0.3 percent in November, as it did in each of the previous 3
months. Indexes that increased in November include shelter, used cars and trucks, household furnishings and
operations, medical care, new vehicles, and recreation. The index for communication was among the few major
indexes that decreased over the month.
The all items index rose 2.7 percent for the 12 months ending November, after rising 2.6 percent over the 12
months ending October. The all items less food and energy index rose 3.3 percent over the last 12 months. The
energy index decreased 3.2 percent for the 12 months ending November. The food index increased 2.4 percent
over the last year.
Food
The index for food increased 0.4 percent in November, after rising 0.2 percent in October. The food at home
index rose 0.5 percent over the month. Four of the six major grocery store food group indexes increased in
November. The index for meats, poultry, fish, and eggs rose 1.7 percent over the month, as the index for beef
increased 3.1 percent and the index for eggs rose 8.2 percent. The nonalcoholic beverages index increased 1.5
percent in November, after rising 0.4 percent in October. The index for other food at home rose 0.1 percent
over the month and the index for fruits and vegetables increased 0.2 percent.
The cereals and bakery products index fell 1.1 percent in November, the largest 1-month decrease ever reported
for the index which was first published in 1989. The index for dairy and related products declined 0.1 percent
over the month.
The food away from home index rose 0.3 percent in November, after rising 0.2 percent in October. The index for
full service meals also rose 0.3 percent over the month as did the index for limited service meals.
The food at home index rose 1.6 percent over the last 12 months. The index for meats, poultry, fish, and eggs
rose 3.8 percent over the last 12 months and the index for nonalcoholic beverages increased 2.8 percent. Over
the same period, the fruits and vegetables index rose 1.1 percent and the other food at home index increased
0.7 percent. The index for dairy and related products increased 1.2 percent over the year. In contrast, the
cereals and bakery products index declined 0.5 percent over the last year, the largest 12-month decline since
December 2017.
The food away from home index rose 3.6 percent over the last year. The index for limited service meals
increased 3.7 percent over the last 12 months and the index for full service meals rose 3.6 percent over the
same period.
Energy
The energy index increased 0.2 percent in November, after being unchanged in October. The gasoline index
increased 0.6 percent over the month. (Before seasonal adjustment, gasoline prices decreased 2.9 percent in
November.) The natural gas index rose 1.0 percent over the month, after rising 0.3 percent in October. In
contrast, the index for electricity fell 0.4 percent in November.
The energy index decreased 3.2 percent over the past 12 months. The gasoline index fell 8.1 percent over this
12-month span and the fuel oil index fell 19.5 percent over that period. In contrast, the index for electricity
increased 3.1 percent over the last 12 months and the index for natural gas rose 1.8 percent.
All items less food and energy
The index for all items less food and energy rose 0.3 percent in November, as it did in the preceding 3 months.
The shelter index increased 0.3 percent in November. The index for owners’ equivalent rent rose 0.2 percent
over the month, as did the index for rent, the smallest 1-month increases since April 2021 and July 2021,
respectively. The lodging away from home index rose 3.2 percent in November, after rising 0.4 percent in
October.
The medical care index increased 0.3 percent over the month, the same as it did in October. The index for
physicians’ services increased 0.3 percent in November, while the prescription drugs index fell 0.4 percent
over the month. The hospital services index was unchanged in November.
The used cars and trucks index rose 2.0 percent in November, after rising 2.7 percent in the previous month.
The index for household furnishings and operations rose 0.6 percent over the month as did the index for new
vehicles. Other indexes that increased in November include recreation, education, personal care, and apparel.
In contrast, the index for communication fell 1.0 percent in November after falling 0.6 percent in October
and September.
The index for all items less food and energy rose 3.3 percent over the past 12 months. The shelter index
increased 4.7 percent over the last year, the smallest 12-month increase since February 2022. Other indexes
with notable increases over the last year include motor vehicle insurance (+12.7 percent), medical care (+3.1
percent), education (+4.2 percent), and recreation (+1.5 percent).
Not seasonally adjusted CPI measures
The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.7 percent over the last 12 months to an
index level of 315.493 (1982-84=100). For the month, the index decreased 0.1 percent prior to seasonal
adjustment.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.6 percent over the
last 12 months to an index level of 308.998 (1982-84=100). For the month, the index decreased 0.1 percent
prior to seasonal adjustment.
The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 2.6 percent over the last 12
months. For the month, the index decreased 0.1 percent on a not seasonally adjusted basis. Please note that
the indexes for the past 10 to 12 months are subject to revision.
The Consumer Price Index for December 2024 is scheduled to be released on Wednesday, January 15, 2025,
at 8:30 a.m. (ET).
Consumer Price Index End of Year Supplemental Files and Revised Seasonal Adjustment Factors to be Available on February 12, 2025
Each year with the release of CPI data for January, relative importance weights are updated and seasonal
adjustment factors are recalculated to reflect price movements from the just-completed calendar year. This
routine annual recalculation may result in revisions to seasonally adjusted indexes for the previous 5 years.
Revised seasonal adjustment factors and additional end of year files will be released on February 12, 2025,
at 8:30 AM eastern time, in conjunction with the release of CPI data for January 2025. The following files
will be available on the CPI supplemental files page, www.bls.gov/web/cpi.supp.toc.htm:
Consumer Price Index Seasonal Adjustment Factors (XLSX)
Consumer Price Index Relative Importance (XLSX)
Consumer Price Index Revised Seasonally Adjusted Indexes and Factors (XLSX)
CPI-U Median Price Change and Median Price Change Standard Errors (XLSX)
CPI-U Response Rates (XLSX)
Consumer Price Index Components for Seasonal Aggregation to All items (XLSX Consumer Price Index Series Subject to Intervention Analysis Seasonal Adjustment (XLSX)
CPI-U Historical Cost Weights (XLSX)
CPI-W Historical Cost Weights (XLSX)
With the release of these files, the seasonal factors and selected end of year materials will be available in
the API and FTP files. These files will be available for all U.S. city average CPI-U data and a subset of U.S.
city average CPI-W data.
In preparation for the upcoming end of year supplemental files and revised seasonal adjustment factors, last
year’s end of year supplemental files and revised seasonal adjustment factors are now available on the CPI
supplemental files page.
BLS posted last year’s seasonal factors and other end of year materials in the API and FTP files on November 22, 2024.
For additional information, contact the CPI Information and Analysis section at cpi_info@bls.gov or
(202) 691-7000.