News Column

US Inflation Flat in December

January 16, 2013

US consumer prices remained unchanged on a seasonally adjusted basis in December as decreases in petrol costs offset increases in housing and food, the federal Bureau of Labour Statistics said Wednesday.

Food prices rose 0.2 per cent and shelter costs increased 0.1 per cent, while petrol fell 2.3 per cent.

Declining petrol prices had also led to a 0.3-per-cent decline in consumer prices in November.

So-called core inflation, which excludes the volatile prices for energy and food, showed an increase of 0.1 per cent from November, reflecting a hike in the cost of housing, cars, medical care, clothing and airline fares. November's core inflation was 0.1 per cent.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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