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Last Update: 19-Jan-12 10:07 ET
CPI Remains Unchanged for the Second Consecutive Month
CPI was unchanged for the second consecutive month as energy prices continued to offset small price gains in other sectors in December. The Briefing.com consensus expected the CPI to increase 0.1%.
Energy costs declined 1.3% in December, which is the third consecutive monthly decline. Food prices increased 0.2% in December after increasing 0.1% in both October and November.
Excluding food and energy, core CPI increased 0.1% in December, exactly what the consensus expected.
There were no notable changes in prices that led to the core CPI increase. Inflation remains tame as we head further into 2012.
Energy costs declined 1.3% in December, which is the third consecutive monthly decline. Food prices increased 0.2% in December after increasing 0.1% in both October and November.
Excluding food and energy, core CPI increased 0.1% in December, exactly what the consensus expected.
There were no notable changes in prices that led to the core CPI increase. Inflation remains tame as we head further into 2012.
