January 12, 2022

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5% for December 2021, on a seasonally adjusted basis, according to U.S. Bureau of Labour Statistics (BLS). The all-items index rose 7.0% before seasonal adjustment over the last year.

The all-items less food and energy index climbed 0.6% in December. The index shelter index increased by 0.4%. The indexes for new vehicles and used cars and trucks rose 1.0% and 3.5%, respectively. The prices for medical care rose 0.3%, household furnishings and operations rose 1.1% and apparel rose 1.7%. The indexes for airline fares (+2.7%), tobacco (+0.7%), education (+0.1%) and personal care (+0.5%) increased in December. Whereas the motor vehicle insurance index and recreation index fell in December by 1.5% and 0.2%, respectively. The communication index remained unchanged over the month.

The index for food rose 0.5% in December, while the index for food at home increased 0.4%. The index for fruits and vegetables increased the most, rising 0.9% over the month as the index for fresh fruits increased 1.8%. The non -alcoholic beverages index increased 0.8% in December. The food away from home index rose 0.6% while the index for other food at home increased by 0.7% over the month. The food away from home index rose 0.6% in December. The index for fruits and vegetables climbed 1.0% in December. The index for dairy and related products climbed 0.7% and the index for cereals and bakery products rose 0.4% in December. The index for meats, poultry, fish, and eggs declined 0.4% in December.

The index for energy fell 3.5% in December. A 0.5% decrease was recorded in the gasoline index. Meanwhile, the index for natural gas decreased 1.2% whereas the electricity index increased 0.3% in December.

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