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December closed in the US with a 0.4% rise in consumer prices

15 minutes. The consumer price index in the United States (USA) accelerated 2 tenths in December and stood at 0.4%, bringing year-on-year inflation to 1.4%. This was reported on Wednesday by the Labor Department’s Bureau of Labor Statistics.

Year-on-year inflation, which was at 2.5% in January 2020, collapsed under the impact of the COVID-19 pandemic to 0.1% in May. Although since July it has remained above 1%, it is still far from the 2% level that the Federal Reserve (FED) considers healthy for the economy.

Core inflation, which excludes consumer prices for food and fuel, which are the most volatile, was 0.1% in December in the US. It added 1.6% in one year, according to the government report.

The December increase in prices paid by consumers largely reflects an 8.4% increase in gasoline costs, which represented more than 60% of the increase.

The food price index rose 0.4%, both for the costs of meals at home and away from home.

Coronavirus

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