10 December 2020
}
{A business|A company|A service|An organization} {displays|shows} a”Buy One Get One 50%Off,”{sign|indication} Monday, Oct. 12, 2020, in Surfside, Fla. U.S. {consumer|customer} {prices|costs|rates} {rose|increased} {slightly|somewhat|a little} in September, led {again|once again} by sharp {increases|boosts} in the index for {used|pre-owned|secondhand} {vehicles|cars|automobiles|lorries}. The Labor Department reported
{rise|increase} in energy {costs|expenses} and {variety|range} of other {items|products} {offset|balance out} a drop in food {costs|expenses}. The Labor Department reported on Thursday, Dec. 10, that the gain in the {consumer|customer} {price|cost|rate} index followed {an unchanged|a the same} reading in October and matched the 0.2% September advance.
By MARTIN CRUTSINGER AP Economics {Writer|Author} WASHINGTON (AP)– U.S. {consumer|customer} {prices|costs|rates} edged up 0.2 %in November as {a rise|an increase} in the {cost|expense} of energy and {a number of|a variety of} other {goods|products|items} {offset|balance out} a drop in food {costs|expenses}. The gain in the {consumer|customer} {price|cost|rate} index followed a flat reading in October and matched the 0.2%September advance, the Labor Department reported Thursday.
Still, the {increase|boost} is far {below|listed below} the 0.6% gains in June and July as the {country|nation} {began|started} to {reopen|resume} after the pandemic throttled {economic|financial} activity in the spring. {Overall|General|Total} {prices|costs|rates} are up a modest 1.2%over the {past|previous} year while core inflation, which {excludes|omits|leaves out} {volatile|unstable|unpredictable} food and energy, {has|has actually} increased 1.6%over the {past|previous} 12 months. For November, core inflation was up 0.2 %, matching the {overall|general|total} {price|cost|rate} gain. Inflation {has|has actually} been {dormant|inactive} for {most of|the majority of} the {past|previous} {decade|years}, {allowing|enabling|permitting} the Federal Reserve to {push|press} {interest rates|rate of interest|rates of interest} to ultra-low levels to {provide|offer|supply} {support|assistance} for an economy {struggling|having a hard time} to emerge from a pandemic-related {recession|economic downturn|economic crisis}.
In November, food {prices|costs|rates} dipped 0.1%while energy {prices|costs|rates} were up 0.4 %. The energy gain {reflected|showed} {increases|boosts} in {electricity|electrical power|electrical energy} and {natural gas|gas} which {offset|balance out} a 0.4%drop in {gasoline|gas|fuel} {prices|costs|rates}. {Prices|Costs|Rates} in {a number of|a variety of} {areas|locations} did {show|program} {increases|boosts} with {airline|airline company} fares, {clothing|clothes} {costs|expenses}, {auto|car|automobile|vehicle} {insurance|insurance coverage} and {prices|costs|rates} for hotel and motel {rooms|spaces} all {rising|increasing}.
The {price|cost|rate} for {used|utilized} {{cars|vehicles|automobiles|cars and trucks} and trucks|trucks and {cars|vehicles|automobiles|cars and trucks}}, {medical care|healthcare|treatment} and {new|brand-new} {cars|vehicles|automobiles|cars and trucks} {declined|decreased} in November.
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