US headline CPI picks up slightly in November

(Sharecast News) - The cost of living in the States picked up slightly last month as food and vehicles became dearer, although increases in shelter prices eased. According to the Department of Labor, in seasonally adjusted terms, both the headline and core Consumer Price Index rose by 0.3% month-on-month in November.

Those increases were in line with the median forecast of economists polled by Dow Jones Newswires.

In annual terms however they sufficed for headline CPI to rise from 3.2% for October to 3.3% this time around.

Core CPI on the other hand was steady at 2.7%.

Food prices gained 0.4% versus October, following a 0.2% rise during the prior month.

New vehicle prices meanwhile jumped by 0.6% after a flat reading in the month before.

Used car and truck prices vaulted 2.0% higher.

The rate of increase in shelter prices however slipped lower again, from 0.4% to 0.3%.

-- More to follow --