The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was down 0.1% in December, 2022. However, the all items index was up 6.5% for the 12 months ending in December. Of note, the shelter index and rent index both continued to increase, rising 0.8% over the month. Indeed…
“The shelter index was the dominant factor in the monthly increase in the index for all items less food and energy, while other components were a mix of increases and declines. Among the other indexes that rose in December was the index for household furnishings and operations, which increased 0.3 percent over the month…”
Click here to read the full release at the Bureau of Labor Statistics.
