Economics: November, 2023 inflation Dave Coker · Follow Published in DataDrivenInvestor · 5 min read · 1 day ago 1 day ago -- 1 Sharegood but not good enoughEveryone is calling this a “no drama” report, meaning nothing surprising, but that works both ways. That being said, The Consumer Price Index, CPI, printed at 3.1% YoY for the month of NovemberCPI, November, 2023, source BLS.gov, authoror a slight fall from the prior month’s print of 3.2%. Looking deeper at the components of Transportation ServicesCPI Transportation Services, November, 2023, source BLS.gov, authorwe see the biggest driver is motor vehicle insurance, rising at a rate of 19.2% YoY and unchanged from last month. Turning to ShelterCPI Shelter, November, 2023, source BLS.gov, authorWhere we see both rent of primary residence and owners equivalent rent fell MoM, but are still rising at levels many will find unacceptable. And it is important to keep in mind inflation has the most significant impact on those at the bottom of wage scales

Source: The Guardian December 13, 2023 02:08 UTC