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- November Consumer Price Index: +0.8% vs. +0.7% consensus and +0.9% prior.
- +6.8% Y/Y vs. +6.8% consensus and +6.2% prior. Represents the biggest jump since June 1982.
- The number reflects broad increases in most component indexes, with gasoline, shelter, food, used cars and trucks, and new vehicles being the biggest contributors.
- The energy index jumped 3.5% in November, with the gasoline index rising 6.1%. The food index rose 0.7%.
- Core CPI: +0.5% vs. +0.5% consensus and +0.6% prior.
- +4.9% Y/Y vs. +4.9% consensus and +4.6% prior.
- The shelter index rose 0.5% over October, with indexes for rent and owners' equivalent rent both rising 0.4%, both at the same rate as October.
- The index for lodging away from home increased 2.9% after rising 1.4% in October.
- The index for used cars and trucks grew 2.5% over the month, the same rate as in October, and new vehicles rose 1.1%, moderating from a 1.4% increase in the previous month.
- On the flip side, motor vehicle insurance index fell 0.8% over the month, after being unchanged in October.
- Previously (Dec. 9), Bank of America CEO: We have inflation, it's not debatable