Among the challenges faced by the U.S economy currently, rampant inflation is not one of them. The inflation rate was unchanged in December.
Over the last 12 months, the consumer price index increased 3.0% before seasonal adjustment.
Just like in November, the energy index declined in December and offset increases in other indexes. The gasoline index declined for the third month in a row and the household energy index declined as well.
Prices of food rose in December, with the index for food at home turning up after declining last month.
Inflation for all items minus food and energy increased 0.1% in December after rising 0.2% in November.
Prices for shelter, recreation, medical care, and tobacco all rose, while prices for used cars and trucks, new vehicles, and apparel all fell.