Consumer prices fell 0.1% in December, in line with expectations from economists

Consumer prices fell 0.1% in December, in line with expectations from economists

  • The consumer price index fell 0.1% in December, meeting expectations, for the biggest drop since April 2020.
  • Excluding food and energy, core CPI rose 0.3%, also in line with estimates.
  • On an annual basis, headline CPI rose 6.5% while core increased 5.7%.
  • The biggest reason for the easing in inflation came from a sharp drop in gasoline prices, which are now lower on a year-over-year basis.

https://www.cnbc.com/2023/01/12/consumer-prices-fell-0point1percent-in-december-in-line-with-economists-expectations.html


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