The consumer price index has cooled more than all major banks have expected, with energy costs and used cars leading the charge
of the major expected, rising just 0.1% MoM, with the YoY rise falling to +7.1%, which was the lowest since Dec 2021...Core CPI was expected to rise 0.3% MoM also , and like the headline it came in cooler than expected at +0.2% MoM and +6.0% YoY...Services inflation YoY rose modestly as Goods inflation YoY dropped again...More details from the report, first on food and energy...The food at home index also rose 0.5 percent in November.
The index for natural gas continued to decline over the month, falling 3.5 percent after decreasing 4.6 percent in October. The electricity index decreased 0.2 percent in November. The index for lodging away from home decreased 0.7 percent in November, after rising 4.9 percent in October.The index for communication which increased 1.0 percent over the month after decreasing 0.1 percent in October.
The index for hospital and related services decreased 0.3 percent over the month, and the index for prescription drugs declined 0.2 percent.Other indexes which declined over the month include:, the fifth consecutive decline in that index.following a 1.1-percent decrease in October.
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