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December CPI +0.4%; Core +0.1%

US DATA
MNI (Washington)
  • U.S. CPI rose 0.4% in December following a smaller 0.2% gain in November, in line with market expectations, according to figures released Wednesday by the Bureau of Labor Statistics.
  • December's increase as driven by a 8.4% gain in gasoline prices, accounting for more than 60% of the overall increase. Energy prices were up 4%.
  • Food prices were up 0.4% after a 0.1% decline in November. Food at home prices also rose 0.4% after falling 0.3% in November. The cost of dining out was up 0.4% in December following a 0.1% gain in November.
  • Excluding food and energy prices, CPI was up 0.1% in December.
  • Apparel prices rose 1.4% after a 0.9% gain in November.
  • New vehicle prices were up 0.4% following a 0.1% decline in November, while the cost of a used vehicle fell 1.2% in December.
  • Owners' equivalent rent increased 0.1% after a flat reading in November.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com

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