“The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis after being unchanged in November,” the U.S. Bureau of Labor Statistics reported on Friday.
Key takeaways from the press release
- Over the last 12 months, the all items index increased 1.9 percent before seasonal adjustment.
- The seasonally adjusted decline in the all items index was caused by a sharp decrease in the gasoline index, which fell 7.5 percent in December.
- The index for all items less food and energy increased 0.2 percent in December, the same increase as in October and November.
- The index for all items less food and energy rose 2.2 percent over the last 12 months, the same increase as for the 12 months ending November.