January 14, 2020

The overall Consumer Price Index (CPI) rose 0.2 percent in December, bringing the increase over the last year to 2.3 percent. The core CPI increased by 0.1 percent, but also ended the year up 2.3 percent. There is modest evidence of acceleration in the overall CPI, although not in the core index. The annualized rate of inflation, comparing the last three months (October, November, December) with the prior three months (July, August, September), was 2.6 percent. For the core index, the annualized inflation rate over this period was 2.1 percent. For more, check out the latest Prices Byte.