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For additional information relating to this article, please contact:

Barbara Ruszel Economist
Tel: 902-424-1848Email: Basia.Ruszel-Lichodzijewska@novascotia.ca

January 12, 2018
US CONSUMER PRICE INDEX, DECEMBER AND ANNUAL 2017

The US Consumer Price Index for All Urban Consumers rose 0.1 per cent in December from November, on a seasonally adjusted basis. In December, the energy index dipped 1.2 per cent, influenced by gasoline prices (-2.7 per cent). Food prices were up 0.2 per cent this month, and shelter rose 0.4 per cent month to month.  Year-over-year (Dec17 vs Dec16) consumer prices were up 2.1 per cent as food prices were up 1.6 per cent and energy prices were up 6.9 per cent.

Annually, the All Items index rose 2.1 per cent in 2017 over the 2016 average following a 1.3 per cent growth in 2016 over 2015. This compares to a 1.6 per cent increase in the all Items index in Canada and 1.1 a per cent increase in Nova Scotia (Jan-Nov 2017 vs 2016 average). The All items less food and energy index rose 1.8 per cent in 2017 after a 2.2 per cent increase the previous year. 

Source: US Bureau of Labor Statistics

 

 

 



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