Consumer Price Index Slips in December; Up 1.9 Percent Overall in 2018

The Bureau of Labor Statistics has released the latest Consumer Price Index (CPI) data for December, showing a 0.1 percent decline for the month, following no change in November.

The CPI measures the change in prices paid by consumers for goods and services, and is broken out by spending category. Last month’s lower index was attributed to a sharp decrease in the gasoline index, which fell 7.5 percent in December.

The food index rose 0.4 percent in December, which the BLS said was the largest increase since May 2014. The food at home index rose 0.3 percent, mostly on increases in the indexes for fruits and vegetables. The index for meats, poultry, fish and eggs was unchanged. The food away from home index was up 0.4 percent, with indexes for both full service meals and limited service meals increasing...

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