The Consumer Price Index (CPI) increased 2.1% on a year-over-year basis in November, following a 1.4% increase in October. The all-items excluding gasoline index rose 1.5% year over year in November after increasing 1.3% in October. Prices were up in seven of the eight major CPI components in the 12 months to November, with the transportation and shelter indexes contributing the most to the increase. The clothing and footwear index declined on a year-over-year basis. Chart 2 Chart 2: Consumer prices increase in seven of the eight major components Consumer prices increase in seven of the eight major components Chart ... (full story)