According to the recent report of the Bureau of Labor Statistics, the U.S inflation for November 2011 remained unchanged and in annual terms the US inflation rose by 3.4%. The consumer price index without food and energy rose by 0.2% during November and 2.2% in the past twelve months.
The prime reason for the flat rate of the U.S. consumer price index was related to two different directions taken by food index and energy index: the energy index sharply dropped by 1.6% (M-2-M) during November; in annual terms the energy index increased by 12.4%; among the energy products, the gasoline prices led the fall with a 2.4% decrease during the month. Alternatively, the food index rose in November by 0.1% and by 4.6% in annual terms.
The core US inflation (CPI without energy and food) on the other hand slightly rose by 0.2% during November and by 2.2% during the past 12 months.
In the previous month the October 2011 CPI declined by 0.1% (M-2-M).
The chart below shows the development of the month to month percent changes of the U.S. CPI during 2011.
Current gold price, short term futures (January 2012 delivery) is traded at $1,594.9 per t oz. a $17.7increase as of 18:00*.
Current silver price, short term futures (January 2012 delivery) is traded at $29.460 per t oz. a decrease of 0.64%, as of 18:00*.
Current Nymex crude oil price, short term futures (January 2012 delivery) is traded down by 0.91% to $93.02 per barrel as of 18:04*.
Euros to US Dollar exchange rate is currently traded down by 0.0435% to 1.3010 as of 18:07*.
For further reading: