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CPI – Consumer Price Index unchanged in December

According to the January 19th, 2012 report by the Bureau of Labor Statistics, “the consumer price index for all Urban Consumers (CPI-) was unchanged in December on a seasonally adjusted basis.  Over the last 12 months,  the all items index rose 3.0 percent before seasonal adjustment.

The energy index declined in December which offset increases in other indexes.”   Other statistics showed that the gasoline index declined for the third month in a row, while the food index rose in December.    The non seasonally adjusted CPI figures increased a total of 3.0 over the last 12 months.

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With jobs being added and inflation low, the economy will have an opportunity to strengthen.

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