United States Inflation December 2021

United States

United States: Inflation continues to rise in December

January 10, 2022

Consumer prices increased a seasonally-adjusted 0.47% in December over the previous month, below November's 0.78% increase. December's result marked the softest rise in prices since September. The cooling of price pressures was primarily driven by softer growth in prices for housing. In addition, price pressures for transportation eased.

Inflation rose to 7.0% in December from November’s 6.8%. Annual average inflation rose to 4.7% in December (November: 4.2%). Lastly, core inflation rose to 5.5% in December, from the previous month's 5.0%.

FocusEconomics panelists see inflation averaging 3.2% in 2022, which is up 0.3 percentage points from last month’s forecast. In 2023, our panel expects inflation to average 2.5%.


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United States Inflation Chart

United States Inflation December 2021

Note: Year-on-year and month-on-month variation of seasonally-adjusted consumer price index in %.
Source: Bureau of Labor Statistics.

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