The Department of Labor and Statistics reports that overall prices rose 1.9% between November 2023 and November 2024. Here’s the breakdown of the Consumer Price Index (CPI-U) by category:

Food: +1.1%

Energy: +2.0%

All other items (excluding food and energy): +2.0%

This marks a significant improvement compared to 2022 and 2023, when CPI-U surged to 8.8% and 5.2%, respectively.

Enrique Arjona, CPM®