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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 11, 2019
US CONSUMER PRICE INDEX, DECEMBER 2018 AND 2018 ANNUAL

The US Consumer Price Index for All Urban Consumers declined 0.1 per cent in December (seasonally adjusted growth from November). This month, the gasoline index declined 7.5 per cent, offsetting price increases in shelter, food, and other energy components.       

Year over year (December 2018 compared to December 2017) consumer prices were up 1.9 per cent (not seasonally adjusted), with the shelter costs rising 3.2 per cent and food prices up 1.6 per cent. The all items less food and energy index rose 2.2 per cent, year over year.

ANNUAL

US CPI increased 1.9 per cent in 2018, a smaller increase compared to the 2.1 per cent increase in 2017 and 2016. The food index increased 1.6 per cent, while the energy index declined slightly (-0.3 per cent) over 2017.

 

Note: Canada and Nova Scotia annual CPI figures will be released January 18, 2019.

 

Source: US Bureau of Labor Statistics, Statistics Canada CANSIM table 18-10-0004-01



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