Consumer Prices Rose 0.1% in December

The Consumer Price Index grew 0.1% in December on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a 0.4% November increase. Over the last 12 months, the all-items index rose 2.1%.

Prices for all items less food and energy, the “core CPI,” grew 0.3% in December, following a 0.1% November increases. The index rose 1.8% for the 12 months ending in December.

The food index rose 0.2%, while prices for food at home increased 0.1%. Food away from home grew 0.2%. Over the past 12 months, food prices are up 1.6%.

The energy index fell 1.3% in December after a 3.9% rise in November. The December increase was driven by a 2.7% decline in gasoline prices. The energy index rose 6.9% in the last twelve months.

Read the BLS release.

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About Stephen Newton

Stephen Newton is an economic research associate at ABA.