US Inflation Hits 6.5% In December

Following November’s better-than-expected CPI print, it appears that circumstances continue to shift to the downside.

According to fresh figures released by the BLS, headline inflation in the US down-shifted from an annualized 7.1% in November to 6.5% in December, right in line with forecasts. Core inflation, which does not account for food and energy, rose another 0.3 percentage points to an annualized 5.7%— also in line with economists’ forecasts.

Most notably, some major contributors to last month’s CPI increase was the food index, which continued to increase 0.3% in December as three of the major six food categories noting price gains. Shelter costs also rose 0.8% last month, following an increase of 0.6% in November. On the other hand, though, the energy index declined by a substantial 4.5% over the month, largely due to nationwide declines in the price of gasoline. Used car prices also plummeted, falling 2.5% month-over-month and are down 8.8% from last year.

Information for this briefing was found via the BLS and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Arizona Metals: The Disappointing Kay Mine Resource Estimate

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Bank of Russia: Out-of-Control Inflation Could Ignite New Global Financial Crisis

Russia’s central bank is warning that surging global inflation could spark a new financial collapse...

Wednesday, September 8, 2021, 03:37:00 PM

The Biggest Mismatch in History: Inflation Soars to Near Double-Digits, Economy Barrels Towards Recession… ECB Raises Rates to 0.75%

The European Central Bank finally decided to jump on the bandwagon of monetary policy panic,...

Thursday, September 8, 2022, 11:14:04 AM

October Inflation Skyrockets to 4.7% as Price Pressures Accelerate Despite ‘Transitory’ Narrative

That pesky ‘transitory’ inflation just refuses to go away! In fact, it jumped by another...

Wednesday, November 17, 2021, 04:04:00 PM

Americans Growing Increasingly Worried Over Maintaining Standard of Living as Inflation Surges

It appears that Americans’ optimism over their personal finances and the economy has taken a...

Monday, May 9, 2022, 04:02:00 PM

Tiff Macklem Promises More Rate Hikes, Acknowledges Core Inflation Isn’t Weakening

Even though incoming data suggests Canada’s economy may be weakening, Bank of Canada Governor Tiff...

Thursday, October 6, 2022, 04:20:14 PM