US inflation rose two tenths in December
According to the Department of Labor, the increase represents a growth of two tenths, compared to that experienced in November
The consumer price index (CPI) of the United States stood at 2.3% last December, which represents an increase of two tenths compared to the reading recorded in November, according to data published by the Department of Labor of the North American country.
The acceleration in the price increase reflected a more pronounced increase in energy prices, which rose 3.4%, compared to the contraction of six tenths of November. Energy prices did not grow at this rate since October 2018.
In the opposite direction, food prices registered an increase of 1.8%, which is equivalent to an increase of two tenths less than in the previous month.
Without taking into account the impact of energy and food prices, the underlying inflation rate stood at 2.3% in December, the same as that recorded in the previous month.
In monthly terms, the inflation rate grew 0.2% in the last month of the year, compared to the increase of three tenths of November.
K. Tovar
Source: La Republica
