November Average Retail Prices - Deflation express

Big declines in gasoline prices in the November consumer price index, as the average retail price drops from $3.20 to $2.21 per gallon. From BLS, news of a record decline:


The Consumer Price Index for All Urban Consumers (CPI-U) decreased 1.9 percent in November, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The November level of 212.425 (1982-84=100) was 1.1 percent higher than in November 2007.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) decreased 2.3 percent in November, prior to seasonal adjustment. The November level of 207.296 (1982-84=100) was 0.7 percent higher than in November 2007. The fruits and vegetables index also declined for the third month in a row, with the decrease being driven by a decline in the fresh fruits index

From CNN

Tuesday's report is just further indication that consumers have dramatically shifted their spending habits in the past few months, opting to save money or pay down debt rather than spend it. A separate report released by the Federal Reserve last week showed American household debt fell for the first time ever in the third quarter, as net worth dropped by the largest amount on record based on data going back to 1951.


Here is the scorecard on produce commodities.