by Bill McBride on 1/16/2013 08:39:00 AM
Wednesday, January 16, 2013
From the Bureau of Labor Statistics (BLS): Consumer Price Index - December 2012
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.7 percent before seasonal adjustment. The gasoline index declined again in December, but other indexes, notably food and shelter, increased, resulting in the seasonally adjusted all items index being unchanged.On a year-over-year basis, CPI is up 1.7 percent, and core CPI is up 1.9 percent. Both below the Fed's target. This was at the consensus forecast of no change for CPI, and a 0.1% increase in core CPI.
The index for all items less food and energy increased 0.1 percent in December, the same increase as in November. ... The index for all items less food and energy rose 1.9 percent over the last 12 months, the same figure as last month.
I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.
Posted by Bill McBride on 1/16/2013 08:39:00 AM