Consumer Price Index (CPI) for December 2021
Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for December 2021:
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The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
General categories that constitute the CPI are:
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CPI During December 2021: 278.802
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Predicted: +1.0%
Actual: +0.307% (+0.854 points)
- Change From 12 Months Previous: +7.036% (+18.328 points)
=========================================
The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
General categories that constitute the CPI are:
- Healthcare
- Housing
- Clothing
- Communications
- Education
- Transportation
- Food and Beverages
- Recreation
- Miscellaneous Goods and Services (grooming expenses, etc.)
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CPI During December 2020: 260.474
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Labels: consumer_price_index, consumers, Coronavirus, COVID-19, COVID19, cpi, disinflation, hard_data, inflation, Pandemic
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posted by Steve Brown | 1/12/2022 11:34:00 AM
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