INFLATION TICKS UP AGAIN, RISING TO 2.9% IN DECEMBER

Key Points:

  • The Consumer Price Index (CPI) rose 0.4% in December, after rising 0.3% in November.
  • CPI increased 2.9% from a year ago, up from 2.7% in November, and the highest reading since July.
  • The index for shelter rose 0.3%, the index for food rose 0.3%, and the energy index rose 2.6% over the month.
  • The index for food at home rose 0.3% over the month while the index for food away from home rose 0.3%.
  • The core CPI, which excludes food and energy, rose 0.2% in December and is up 3.2% from the previous year.
  • The energy index is down 0.5%, the food index is up 2.5%, and shelter is up 4.6% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source