The Bureau of Labor Statistics reported the results of the November Consumer Price Index for the Midwest.

 

Prices for All Urban Consumers declined by 0.2% last month with most of the decline as a result of decreased energy costs by 3.7% with lower gas prices being the largest contributor.

 

The index for all items less food and energy increased by 0.1%, while the food index rose by 0.2% over the month prior however, prices for owners’ equivalent of rent of residence contributed most to the rise.

 

Over the last 12 months, the index rose by 6.8%. Food prices were up 11.7% compared to their November 2021 levels and energy prices rose 11%, led by the increase in the price of gas over November of last year.