By Jim Cline
The November national inflation number, as reported by the All Cities CPI-W dropped to 1.7%, a full half percent below the October report for the same Index (2.2%). The All Cities CPI-U was reported at 1.8%. (These indices report inflation as measured over 12 months). According to the Bureau of Labor Statistics report, the drop of inflation is almost entirely attributable to a decrease in gas and energy prices. [Read more…]