United States Inflation December 2015

United States

United States: Inflation in December increases to highest level in a year

January 20, 2016

In December, consumer prices fell 0.1% over the previous month in seasonally-adjusted terms, which was down from the flat reading tallied in November. The print was in line with market expectations and mainly reflects lower prices for energy, including gasoline. Record-low oil prices are helping boost economic activity but keeping a lid on prices at the gas pump.

Inflation came in at 0.7%, which was up from November’s 0.5% reading and marked the highest result in a year. Core consumer prices, which excludes food and energy prices, increased 0.1% in December, which was slightly below November’s 0.2% reading and the 0.2% expected by the market. Annual average core inflation held at 1.8% for the fourth consecutive month.

FocusEconomics Consensus Forecast participants expect inflation to average 1.7% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects inflation to average 2.2%.

Author:, Economist

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United States Inflation Chart

USA Inflation December 2015

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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