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Market Update : 
Consumer Price Index Drops 1.7% in November
Author: 123jump.com Staff
123jump.com
Last Update: 8:54 AM ET December 16 2008


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On a seasonally adjusted basis, the CPI-U decreased 1.7% in November, the second consecutive record decrease. For the 12 month period ending in November the CPI was up 1.1%, compared to 5.6% for the twelve months ending July of this year. Falling energy prices, particularly gasoline, drove the decline in the overall index. Excluding energy, the index was virtually unchanged.

 

 

 
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