Largest 12-Month Gain for CPI Since Period Ending October 2018
The Consumer Price Index (CPI) rose 0.2% in December on a seasonally adjusted basis after rising 0.3% in November, the U.S. Bureau of Labor Statistics reported. Gasoline, shelter, and medical care all rose and largely drove the gain in the CPI for December.
Over the last 12 months, the Consumer Price Index (CPI) for All Items rose 2.3% before seasonal adjustment, the largest 12-month increase since the period ending October 2018.
The food index increased 1.8% over that same period ending in December, 12 months and the energy index gained 3.4%.