U.S. Consumer Prices Edge Down 0.1% In December, Annual Growth Slows
(RTTNews) - A highly anticipated report released by the Labor Department on Thursday showed a modest decrease in U.S. consumer prices in the month of December.
The Labor Department said its consumer price index edged down by 0.1 percent in December after inching up by 0.1 percent in November. Economists had expected consumer prices to come in unchanged.
The report also showed the annual rate of consumer price growth slowed to 6.5 percent in December from 7.1 percent in November, in line with expectations. The annual growth was the slowest since October 2021.
Excluding food and energy prices, core consumer prices rose by 0.3 percent in December following a 0.2 percent uptick in November. The increase matched economist estimates.
The annual rate of core price growth slowed to 5.7 percent in December from 6.0 percent in November. The year-over-year growth was also in line with expectations.
U.S. Services Index Climbs To Six-Month High In August
U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated
U.S. Trade Deficit Widens More Than Expected As Imports Spike
U.S. Jobless Claims Rise More Than Expected To Two-Month High
U.S. Private Sector Job Growth Slows More Than Expected In August
U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2
U.S. Trade Deficit Widens More Than Expected In July
