US CPI fell 0.1% in December after having stagnated in November

FXStreet (Mumbai) – The U.S. Bureau of Labor Statistics today reported Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 per cent in December on a seasonally adjusted basis. It had stagnated in November and was expected to remain unchanged in December. The index for all items less food and energy rose 0.1 per cent in December, its smallest increase since August.

The indexes for energy and food both declined for the second month in a row, leading to the decline in the seasonally adjusted all items index. The energy index fell 2.4 percent as all major component energy indexes declined. The food index fell 0.2 percent as the index for food at home decreased 0.5 percent, led by a sharp decline in the index for meats, poultry, fish, and eggs.

Over the last 12 months, the all items index increased 0.7 per cent before seasonal adjustment. Year on year, CPI had risen 0.5 per cent in November. The food index rose 0.8 per cent over the last 12 months. The energy index fell 12.6 per cent.

The U.S. Bureau of Labor Statistics today reported Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 per cent in December on a seasonally adjusted basis. It had stagnated in November and was expected to remain unchanged in December. The index for all items less food and energy rose 0.1 per cent in December, its smallest increase since August.

(Market News Provided by FXstreet)