Reported about 6 hours ago
December's Consumer Price Index (CPI) revealed a 0.4% month-over-month and 2.9% year-over-year price increase, with core CPI, excluding food and energy, rising 3.2%. Notably, housing costs contributed significantly to core CPI with a 4.6% rise in the shelter index, representing the slowest growth since January 2022. Food inflation saw a 2.5% annual rise, influenced by a notable increase in grocery prices, marking significant trends in both food and shelter inflation.
Source: YAHOO