In December, US CPI rose 0.3% mom, up from prior month’s 0.1% mom, above expectation of 0.2% mom. CPI core (all items less food and energy) rose 0.3% mom, unchanged from prior month’s, above expectation of 0.2% mom. Energy index rose 0.4% mom while food index rose 0.2% mom.
For the 12 months period, CPI accelerated from 3.1% yoy to 3.4% yoy, above expectation of 3.2% yoy. CPI core slowed from 4.0% yoy to 3.9% yoy, above expectation of 3.8% yoy. Energy index fell -2.0% yoy while food index rose 2.7% yoy.
