CPI Decreased -0.1% in December 2022

Monthly CPI - United States - January 2023

1/12/2023

“consumer price index”

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CPI for all items decreased -0.1% in December 2022 from last month

  • Consumer Price Index for all items decreased -0.1 % in December 2022 from last month on a seasonally adjusted basis.
  • All items less food and energy index, or Core CPI, increased 0.3 %.
  • Food index increased 0.3 %, and energy index decreased -4.5 %.

CPI for all items increased 6.5% in December 2022 from last 12 months

  • Consumer Price Index for all items increased 6.5 % in December 2022 from last 12 months on a seasonally unadjusted basis.
  • All items less food and energy index, or Core CPI, increased 5.7 %.
  • Food index increased 10.4 %, and energy index increased 7.3 %.

Utility gas service was the biggest and fuel oil was the smallest contributor

  • Utility (piped) gas service was the biggest contributor, with its index increasing by 3.0 % from last month and increasing by 19.3 % from last 12 months.
  • Fuel oil was the smallest contributor, with its index decreasing by -16.6 % from last month and increasing by 41.5 % from last 12 months.