Keeping you up to date on the latest data releases.
The CPI rose 3 percent in December (with an annualized rate of 3.6 percent). Increases in the energy and shelter indexes were major factors in the increase. The energy index rose 2.1 percent and the shelter index rose 0.2 percent. The Federal Reserve Bank of Cleveland’s Median CPI also rose 0.3 percent, the largest one-month gain in this series since September 2008.
Core CPI rose 0.2 percent (1.3 percent annualized rate) and the 16 percent trimmed-mean CPI rose 0.2 percent (2.2 percent annualized rate).
The twelve-month change in the median CPI rose to 2.1 percent after three months at 2.0 percent. Over the twelve months through December, the core CPI rose 1.7 percent and the trimmed-mean CPI rose 1.7 percent. Both figures are similar to what they have been for the prior five months. The twelve-month change in the all-items index rose from 1.2 percent in November to 1.5 percent in December.
The Bureau of Labor Statistic’s press release included a year-end review of CPI in 2013. The CPI rose 1.5 percent in 2013 and 1.7 percent in 2012, marking the first time since 1997-98 that the CPI rose less than 2.0 percent for two years in a row.