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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

December 13, 2022

The United States Consumer Price Index for All Urban Consumers increased 7.1% year-over-year in November 2022. This was below the 7.7% increase reported in October 2022, and the smallest 12-month increase since the period ending December 2021. 

The seasonally adjusted index increased by 0.1% in November following a 0.4% gain reported in October. The largest upward contribution came from the shelter index offsetting the decline in energy indexes (-1.6%). The index for all items less food and energy increased 0.2% in November.

The 12-month change in the CPI - all items less food and energy was 6.0% in November 2022. Over the past 12 months, the energy index was up 13.1% with gasoline up 10.1%. The food index increased 10.6% and shelter increased 7.1% compared to November 2021. The 12-month increase in all these components were smaller than for the period ending in October.


Canada and Nova Scotia November 2022 CPI figures will be released on December 21, 2022.


Statistics Canada. Table 18-10-0004-01  Consumer Price Index, monthly, not seasonally adjusted

US Bureau of Labor Statistics, retrieved from FRED, Federal Reserve Bank of St. Louis

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