U.S. consumer prices rose slightly in December, the Labor Department said yesterday. Its consumer price index increased 0.2 percent last month after climbing 0.3 percent in November. The monthly increase in the CPI has been slowing since jumping 0.4 percent in October.
On the other hand, the long-term trend is rising. For the entire year of 2019, the CPI accelerated 2.3 percent, the largest rise since 2011. That followed an increase of 1.9 percent in 2018.
Inflation in December was held back by declines in the costs of used cars and trucks, airline tickets and household furnishing and operations. Meanwhile, there were increases in the prices of health care, apparel, new motor vehicles, recreation, and motor vehicle insurance.
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