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Consumer Price Index – US Bureau of Labor Statistics

Consumer Price Index - US Bureau of Labor Statistics

The consumer price index rose 1.9 percent over the year ending December 2018, as energy prices fell.

The consumer prices for energy fell 0.3 percent over the year, while prices for food rose 1.6 percent. Consumer prices for all items less food and energy rose 2.2 percent from December 2017 to December 2018. The seasonally adjusted decline in the all items index (according to another BLS report), was caused by sharp decrease in the gasoline index, which fell 7.5 percent in December. This decline more than offset increases in several indexes including shelter, food and other energy components.

The index for all items less food and energy increased 0.2 percent in December, the same increase as in October and November. Along with the index for shelter, the indexes for recreation, medical care and household furnishings and operations all increased in December, while the indexes for airline fares, used cars and trucks, and motor vehicle insurance all declined.

The food index increased 1.9 percent for the 12 months ending December, this was the first time that 12-month change has been under 2.0 percent since August 2017.

Team Classiarius (sourced from US government website – BLS).

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