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%.