Consumer Prices Rose 0.4% in December
Washington, DC, January 13, 2021-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% in December on a seasonally adjusted basis after rising 0.2 percent in November, the U.S. Bureau of Labor Statistics reported.
Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment.
The seasonally adjusted increase in the all items index was driven by an 8.4% increase in the gasoline index, which accounted for more than 60% of the overall increase. The other components of the energy index were mixed, resulting in an increase of 4.0% for the month. The food index rose in December, as both the food at home and the food away from home indexes increased 0.4%.