{"id":173459,"date":"2023-01-12T09:03:18","date_gmt":"2023-01-12T16:03:18","guid":{"rendered":"https:\/\/inbusinessphx.com\/?p=173459"},"modified":"2023-01-12T09:03:18","modified_gmt":"2023-01-12T16:03:18","slug":"consumer-prices-rose-6-5-showing-inflation-continues-to-ease","status":"publish","type":"post","link":"https:\/\/staging.inbusinessphx.com\/?p=173459","title":{"rendered":"Consumer Prices Rose 6.5%, Showing Inflation Continues to Ease"},"content":{"rendered":"<pre><span style=\"font-family: georgia, palatino, serif;\">The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a\nseasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor\nStatistics reported today. Over the last 12 months, the all items index increased 6.5 percent before\nseasonal adjustment.\n\nThe index for gasoline was by far the largest contributor to the monthly all items decrease, more than\noffsetting increases in shelter indexes. The food index increased 0.3 percent over the month with the\nfood at home index rising 0.2 percent. The energy index decreased 4.5 percent over the month as the\ngasoline index declined; other major energy component indexes increased over the month.\n\nThe index for all items less food and energy rose 0.3 percent in December, after rising 0.2 percent\nin November. Indexes which increased in December include the shelter, household furnishings and\noperations, motor vehicle insurance, recreation, and apparel indexes. The indexes for used cars and\ntrucks, and airline fares were among those that decreased over the month.\n\nThe all items index increased 6.5 percent for the 12 months ending December; this was the smallest\n12-month increase since the period ending October 2021. The all items less food and energy index rose\n5.7 percent over the last 12 months. The energy index increased 7.3 percent for the 12 months ending\nDecember, and the food index increased 10.4 percent over the last year; all of these increases were\nsmaller than for the 12-month period ending November. \n\n<\/span><span style=\"font-family: georgia, palatino, serif;\"><strong>Food<\/strong>\n\nThe food index increased 0.3 percent in December following a 0.5-percent increase in November. The\nfood at home index rose 0.2 percent in December. Three of the six major grocery store food group\nindexes increased over the month. The index for meats, poultry, fish, and eggs increased 1.0 percent\nin December, as the index for eggs rose 11.1 percent. The index for other food at home rose 0.4\npercent over the month, while the index for nonalcoholic beverages increased 0.1 percent in December.\n\nIn contrast, the fruits and vegetables index fell 0.6 percent over the month with the fresh fruit\nindex declining 1.9 percent. The index for dairy and related products decreased 0.3 percent in\nDecember, and the index for cereals and bakery products was unchanged. \n\nThe food away from home index rose 0.4 percent in December, after increasing 0.5 percent in November.\nThe index for limited service meals increased 0.5 percent over the month and the index for full\nservice meals increased 0.1 percent. \n\nThe food at home index rose 11.8 percent over the last 12 months. The index for cereals and bakery\nproducts rose 16.1 percent over the year. The remaining major grocery store food groups posted\nincreases ranging from 7.7 percent (meats, poultry, fish, and eggs) to 15.3 percent (dairy and related\nproducts).\n\nThe index for food away from home rose 8.3 percent over the last year. The index for full service\nmeals rose 8.2 percent over the last 12 months, and the index for limited service meals rose 6.6\npercent over the same period. \n\n<strong>Energy<\/strong>\n\nThe energy index fell 4.5 percent in December after falling 1.6 percent in November. The gasoline\nindex declined 9.4 percent over the month, following a 2.0-percent decrease in November. (Before\nseasonal adjustment, gasoline prices fell 12.5 percent in December.) The index for natural gas rose\nover the month, increasing 3.0 percent after decreasing 3.5 percent in November. The electricity\nindex increased 1.0 percent in December.\n\nThe energy index rose 7.3 percent over the past 12 months. The gasoline index decreased 1.5 percent\nover the span. The fuel oil index rose 41.5 percent over the last 12 months, the index for electricity\nrose 14.3 percent, and the index for natural gas increased 19.3 percent over the same period.\n\n<strong>All items less food and energy<\/strong>\n\nThe index for all items less food and energy rose 0.3 percent in December, following a 0.2-percent\nincrease in November. The shelter index continued to increase, rising 0.8 percent over the month. The\nrent index rose 0.8 percent over the month, and the owners' equivalent rent index also rose 0.8\npercent. The index for lodging away from home increased 1.5 percent in December, after falling 0.7\npercent in November. \n\nThe shelter index was the dominant factor in the monthly increase in the index for all items less food\nand energy, while other components were a mix of increases and declines. Among the other indexes that\nrose in December was the index for household furnishings and operations, which increased 0.3 percent\nover the month, while the index for motor vehicle insurance rose 0.6 percent, and the index for\nrecreation increased 0.2 percent. The apparel index rose 0.5 percent in December, and the education\nindex increased 0.3 percent.\n\nThe medical care index rose 0.1 percent in December, after declining in the previous 2 months. The\nindex for hospital services increased 1.7 percent over the month. The physicians' services index and\nthe prescription drugs index both rose 0.1 percent in December. \n\nIndexes which declined over the month include the index for used cars and trucks, which fell 2.5\npercent in December, the sixth consecutive decline in that index. The index for airline fares fell\n3.1 percent over the month, following a 3.0-percent decrease in November. The new vehicles index\ndeclined 0.1 percent in December, as did the personal care index.\n\nThe index for all items less food and energy rose 5.7 percent over the past 12 months. The shelter\nindex increased 7.5 percent over the last year, accounting for more than half of the total increase\nin all items less food and energy. Other indexes with notable increases over the last year include\nhousehold furnishings and operations (+6.7 percent), medical care (+4.0 percent), new vehicles (+5.9\npercent), and recreation (+5.1 percent). \n\n<strong>Not seasonally adjusted CPI measures<\/strong>\n\nThe Consumer Price Index for All Urban Consumers (CPI-U) increased 6.5 percent over the last 12 months\nto an index level of 296.797 (1982-84=100). For the month, the index decreased 0.3 percent prior to\nseasonal adjustment.  \n\nThe Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 6.3 percent\nover the last 12 months to an index level of 291.051 (1982-84=100). For the month, the index decreased\n0.5 percent prior to seasonal adjustment.  \n\nThe Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 6.4 percent over the last\n12 months. For the month, the index decreased 0.2 percent on a not seasonally adjusted basis. Please\nnote that the indexes for the past 10 to 12 months are subject to revision. <\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.5 percent before seasonal adjustment. The index for gasoline was by far [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[6],"tags":[3],"class_list":["post-173459","post","type-post","status-publish","format-standard","hentry","category-economy-trends","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/173459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=173459"}],"version-history":[{"count":0,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/173459\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}