By Payroll and Entitlements Editorial Staff
The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1% in December on a seasonally adjusted basis after being unchanged in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.9% before seasonal adjustment. The seasonally adjusted decline in the all items index was caused by a sharp decrease in the gasoline index, which fell 7.5% in December. This decline more than offset increases in several indexes including shelter, food, and other energy components. The energy index fell 3.5%, as the gasoline and fuel oil indexes fell, but the indexes for natural gas and for electricity increased. The food index increased 0.4% in December. All of the charts are at: https://www.bls.gov/news.release/cpi.nr0.htm. (U.S. Bureau of Labor Statistics, January 11, 2019.)
Interested in submitting an article?
Submit your information to us today!Learn More