US: Annual core CPI stays unchanged at 2.25 in December as expected

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“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.
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