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Inflation, According to the Government

Consumer inflation actually slowed a bit last month, according to the Labor Department. Specifically, the…

  • January 22, 2019

Consumer inflation actually slowed a bit last month, according to the Labor Department.

Specifically, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis after being unchanged in November.

Over the last 12 months, the all items index increased 1.9 percent before seasonal adjustment.

The seasonally adjusted decline in the all items index was caused by a sharp decrease in the gasoline index, which fell 7.5 percent in December.

This decline more than offset increases in several indexes including shelter, food, and other energy components. The energy index fell 3.5 percent, as the gasoline and fuel oil indexes fell, but the indexes for natural gas and for electricity increased.

The food index increased 0.4 percent in December. The index for all items less food and energy increased 0.2 percent in December, the same increase as in October and November.

Along with the index for shelter, the indexes for recreation, medical care, and household furnishings and operations all increased in December, while the indexes for airline fares, used cars and trucks, and motor vehicle insurance all declined.

In other words, the cost of living is still going up.

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