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- Headline CPI -0.3 vs -0.2 consensus
- Core CPI +.1 vs +.2 consensus
- Sandy had little effect on data collection
- First decline in headline CPI since May, but note that Core CPI (excludes food/energy) still rose. Thank you Gasoline (-7.4 pct)

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.3 percent in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.8 percent before seasonal adjustment.

The gasoline index fell 7.4 percent in November; this decrease more than offset increases in other indexes, resulting in the decline in the seasonally adjusted all items index. The energy index fell 4.1 percent in November despite increases in the indexes for natural gas and electricity. The food index rose 0.2 percent with the food at home index increasing 0.3 percent, the same increases as in October.

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