Wednesday, November 11, 2026Mortgage news · Rates & market context

Inflation · ORIGINAL ECONOMIC RELEASE

November 2009 Consumer Price Index

On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months the index increased 1.8 percent before…

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On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months the index increased 1.8 percent before seasonal adjustment, the first positive 12-month change since February 2009.

The seasonally adjusted increase in the all items index was due to a 4.1 percent increase in the energy index. The index for gasoline rose sharply and the indexes for electricity, fuel oil, and natural gas also increased, creating the fourth consecutive rise in the energy index and the largest increase since August. In contrast, the index for all items less food and energy was unchanged in November, after ten consecutive monthly increases. Declines in shelter indexes offset increases in the indexes for new and used motor vehicles, medical care, airline fares, and tobacco.

The food index rose slightly in November. As in October, the food away from home index rose modestly while the index for food at home was unchanged. Within the latter, three grocery store food groups posted increases while three declined.

Seasonally adjusted changes from preceding month Un- adjusted 12-mos. May June July Aug. Sep. Oct. Nov. ended 2009 2009 2009 2009 2009 2009 2009 Nov. 2009

Consumer Price Index Data for November 2009

Food

The food index rose 0.1 percent in November, the same increase as in October. The index for food away from home increased 0.2 percent while the food at home index was unchanged. Among the food at home groups, the dairy and related products index declined 0.7 percent in November after rising 1.0 percent in October, and the index for other food at home also declined in November following an October increase. In contrast, the indexes for fruits and vegetables and for meats, poultry, fish, and eggs both increased in November after declining in October. The index for nonalcoholic beverages fell for the second straight month, declining 0.3 percent in November, and the index for cereals and bakery products rose 0.1 percent in November after being unchanged in October. Over the past year, the food index has declined 0.7 percent. The food at home index has fallen 2.9 percent over the last 12 months, with five of the six grocery store food groups declining, but the index for food away from home has risen 2.1 percent.

Energy

The energy index rose 4.1 percent in November after increasing 1.5 percent in October. The index for energy commodities rose 6.3 percent, with the gasoline index increasing 6.4 percent. (Before seasonal adjustment, gasoline prices rose 4.1 percent in November.) The rise in the gasoline index accounted for over three-quarters of the total energy increase. The remainder of the increase was due to advances in all of the other energy components. The index for fuel oil rose 9.0 percent in November following a 6.3 percent increase in October. The index for energy services increased 1.4 percent in November, with the electricity index rising 1.4 percent and the index for natural gas advancing 1.5 percent. The energy index has risen 7.4 percent over the past 12 months, with the gasoline index rising 23.6 percent.

All items less food and energy

The index for all items less food and energy was unchanged in November after rising 0.2 percent in October. The heavily weighted index for shelter, unchanged in October, declined 0.2 percent in November. Within the shelter group, the indexes for rent and owners' equivalent rent both declined 0.1 percent and the lodging away from home index fell 1.5 percent. Also declining in November were the indexes for household furnishings and operations and for apparel, both down 0.3 percent. Several indexes posted increases to offset these declines. The new vehicles index rose 0.6 percent in November, its tenth increase in the last eleven months. The index for used cars and trucks advanced 2.0 percent in November and has now risen 11.1 percent since April. The index for airline fares rose 3.8 percent in November and has increased 13.3 percent since June. The medical care index increased 0.3 percent in November and the index for tobacco advanced 1.0 percent. Over the past 12 months, the index for all items less food and energy has risen 1.7 percent.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.8 percent over the last 12 months to an index level of 216.330 (1982-84=100). For the month, the index increased 0.1 percent prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.3 percent over the last 12 months to an index level of 212.003 (1982-84=100). For the month, the index increased 0.2 percent prior to seasonal adjustment.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 1.6 percent over the last 12 months. For the month, the index was unchanged on a not seasonally adjusted basis. Please note that the indexes for the post-2007 period are subject to revision.

Expenditure Weight Update

Effective with the January 2010 release the Bureau of Labor Statistics (BLS) will update the consumption expenditure weights in the Consumer Price Index for All Urban Consumers (CPI-U) and Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to the 2007-08 period. The updated expenditure weights for these indexes will replace the 2005-2006 weights that were introduced effective with the January 2008 CPI release. CPI expenditure weights will continue to be updated at two year intervals subsequent to the 2010 updating.

Facilities for Sensory Impaired

Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.

Source: U.S. Bureau of Labor Statistics · Original release Dec 16, 2009.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Read consumer inflation on a consistent basis

The Consumer Price Index measures changes in prices paid by urban consumers for a basket of goods and services. Check the index, reference month and seasonal adjustment before comparing figures. A monthly change and a twelve-month change describe different periods; the all-items index and the measure excluding food and energy cover different baskets. Consumer inflation informs the wider policy discussion, but the benchmark comparison below does not isolate this release from other information arriving during the month. BLS Consumer Price Index.

Nearest published observation on or before each target date
Benchmark30 days earlierNov 16, 2009Publication referenceDec 16, 200930 days laterJan 15, 2010
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.91%Observed 4.81%Observed −10 bps vs. earlier reference5.06%Observed +25 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the TreasuryUnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Sep 16, 2009 – Mar 16, 2010
Historical mortgage and Treasury observations around Dec 16, 2009Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.4.50%5.00%5.50%Publication date30-year fixed mortgage: 5.04% · Sep 17, 200930-year fixed mortgage: 5.04% · Sep 24, 200930-year fixed mortgage: 4.94% · Oct 1, 200930-year fixed mortgage: 4.87% · Oct 8, 200930-year fixed mortgage: 4.92% · Oct 15, 200930-year fixed mortgage: 5.00% · Oct 22, 200930-year fixed mortgage: 5.03% · Oct 29, 200930-year fixed mortgage: 4.98% · Nov 5, 200930-year fixed mortgage: 4.91% · Nov 12, 200930-year fixed mortgage: 4.83% · Nov 19, 200930-year fixed mortgage: 4.78% · Nov 25, 200930-year fixed mortgage: 4.71% · Dec 3, 200930-year fixed mortgage: 4.81% · Dec 10, 200930-year fixed mortgage: 4.94% · Dec 17, 200930-year fixed mortgage: 5.05% · Dec 24, 200930-year fixed mortgage: 5.14% · Dec 31, 200930-year fixed mortgage: 5.09% · Jan 7, 201030-year fixed mortgage: 5.06% · Jan 14, 201030-year fixed mortgage: 4.99% · Jan 21, 201030-year fixed mortgage: 4.98% · Jan 28, 201030-year fixed mortgage: 5.01% · Feb 4, 201030-year fixed mortgage: 4.97% · Feb 11, 201030-year fixed mortgage: 4.93% · Feb 18, 201030-year fixed mortgage: 5.05% · Feb 25, 201030-year fixed mortgage: 4.97% · Mar 4, 201030-year fixed mortgage: 4.95% · Mar 11, 2010Sep 16, 2009Dec 16, 2009Mar 16, 2010
30-year fixed mortgage26 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,575.81/month

4.81% · Dec 10, 2009

At the later reference$1,621.48/month

5.06% · Jan 14, 2010

The illustrative principal-and-interest payment is $45.67 higher per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

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