U.S. CPI inches up 0.4% for December 2020

January 13, 2021

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% for December 2020 after increasing 0.2% in November, on a seasonally adjusted basis according to U.S. Bureau of Labor Statistics (BLS). The all items index rose 1.4% before seasonal adjustment over the last year. BLS stated, “the seasonally adjusted increase in the all items index was driven by an 8.4-percent increase in the gasoline index, which accounted for more than 60 percent of the overall increase.”

The all items less food and energy index increased 0.1% in December, after increasing 0.2% in November. The indexes for shelter index, apparel, motor vehicle insurance, personal care and new vehicles rose 0.1%, 1.4%, 1.4%, 0.4% and 0.4%, respectively in December. The index for household furnishings and operations rose 0.2% in December. The indexes used cars and trucks fell 1.2%, recreation declined 0.3% and medical care decreased 0.2%.

The index for food rose 0.4% in December, while the index for food at home also increased 0.4%. The indexes for other food at home increased 0.7% in December. The nonalcoholic beverages index increased 1.1%. The index for cereals and bakery products rose 0.4% while the index for dairy and related products rose 0.8%. The index for meats, poultry, fish, and eggs fell 0.2% in December. The index for food away from home also rose 0.4% in December, however, the index for fruits and vegetables fell 0.2% over the month.

The index for energy climbed 4.0% in December. An 8.4% growth was recorded in the gasoline index. The index for electricity index increased 0.4% in December while the natural gas index also decreased by 0.8% in December.

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

2021-01-13T11:11:58-05:00