INFLATION ROSE IN DECEMBER AFTER COOLING MOST OF 2023

Key Points:

  • The Consumer Price Index (CPI) rose 0.3% in December after rising 0.1% in November.
  • CPI increased 3.4% from a year ago, up from 3.1% in November.
  • The index for shelter rose 0.5%, the energy index rose 0.4%, and the index for food rose 0.2% over the month.
  • The index for food at home increased 0.1% over the month while the index for food away from home rose 0.3%.
  • The core CPI, which excludes food and energy, rose 0.3% in December and is up 3.9% from the previous year.
  • The energy index is down 2.0%, the food index is up 2.7%, and shelter is up 6.2% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source