In November the Consumer Price Index (CPI) for all urban consumers increased by 0.8 percent on a seasonally- adjusted basis.  The U.S. Bureau of Labor Statistics recorded the increase as the largest since June 1982 with a 6.8 percent rise over the trailing twelve months.

The Food Index increased 0.7 percent for November with food at home up 0.8 percent.  All food for the twelve months ending in October increased by 6.1 percent.  The index for meats, poultry, fish and eggs rose 0.9 percent in November with pork higher by 2.2 percent Eggs declined in November by 2.7 percent. Over the past twelve-months, eggs have increased 21 percent from exceptionally low levels that in some months represented losses for producers marketing generics.

Excluding food and energy, the CPI for all items rose 4.9 percent over the past twelve months, the highest level in two decades. The increase is attributed to disruption in the supply chain for manufactured goods, increased labor costs, escalation in fuel and transport directly and indirectly due to COVID.