Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released December 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis):

All items fell saw no change in the last month and increased 2.9% in the last twelve months
Food at home rose 0.1% from November and increased 1.8% since December 2023
Cereals + bakery products increased 0.6% in the last month and rose 0.8% in the last twelve months
Meats, poultry, fish + eggs rose 0.5% since November and increased 4.2% from December 2023
Dairy + related products increased 0.2% in the last month and rose 1.3% in the last twelve months
Fruits + vegetables decreased 0.3% from November and rose 1.0% since December 2023
Other foods rose 0.4% in the last month and increased 0.1% in the last twelve months
Gasoline (all types) fell 1.1% since November and decreased 3.4% from December 2023
All items, less food and energy, saw no change in the last month and increased 3.2% in the last twelve months
Apparel fell 1.7% from November and increased 1.2% since December 2023
New vehicles saw no change in the last month and decreased 0.4% in the last twelve months
Used cars + trucks rose 0.2% since November and fell 3.3% from December 2023
Motor vehicle parts + equipment increased 0.1% in the last month and rose 1.3% in the last twelve months
Medical care commodities saw no change from November and increased 0.5% since December 2023
Alcoholic beverages fell 0.3% in the last month and rose 1.4% in the last twelve months
Tobacco + smoking products saw no change since November and fell 6.7% from December 2023
Personal care products fell 1.1% in the last month and rose 0.5% in the last twelve months

BLS CPI Historical Annual Inflation Rate Averages Through December 2024 Table For Selected Categories:

BLS CPI CodeBLS CPI Category Description1M 12/241Y 12/243Y 12/245Y 12/2410Y 12/2420Y 12/24
SAFFOOD & BEVERAGES0.2%2.4%2.4%5.0%5.0%3.0%
SAF11Food at home0.1%1.8%1.8%4.8%5.0%2.4%
SAF114Nonalcoholic beverages & beverage materials-0.4%2.3%2.3%5.7%5.4%2.8%
SEFNJuices & nonalcoholic drinks-0.8%1.8%1.8%5.8%5.6%3.2%
SEFN01Carbonated drinks-1.9%0.6%0.6%5.4%6.1%3.6%
SEFN03Nonfrozen noncarbonated juices & drinks0.2%2.5%2.5%5.9%5.2%2.9%
SEFPBeverage materials including coffee & tea0.4%3.5%3.5%5.7%4.7%1.9%
SEFP01Coffee0.3%3.8%3.8%5.3%4.9%1.7%
SEFP02Other beverage materials including tea0.5%3.0%3.0%6.4%4.3%2.3%
SAF115Other food at home0.1%0.8%0.8%5.7%5.3%2.8%
SEFT06Other miscellaneous foods0.3%0.6%0.6%5.4%4.8%2.6%
SEFWAlcoholic beverages at home-0.2%1.0%1.0%2.4%2.3%1.5%
SEFW01Beer, ale & other malt beverages at home0.0%2.5%2.5%4.3%3.6%2.6%
SEFW02Distilled spirits at home-0.3%0.2%0.2%0.9%1.8%0.8%
SEFW03Wine at home-0.3%-0.1%-0.1%1.5%1.4%0.7%
SEHEFUEL OIL & OTHER FUELS1.4%-6.0%-6.0%1.4%4.5%1.9%
SAH3HOUSEHOLD FURNISHINGS & OPERATIONS-0.1%0.7%0.7%2.6%3.6%1.9%
SAAAPPAREL-1.7%1.2%1.2%1.7%1.3%0.3%
SAM1MEDICAL CARE COMMODITIES0.0%0.5%0.5%2.8%1.3%1.7%
SEMFMedicinal drugs0.1%0.6%0.6%2.7%1.2%1.7%
SEMF01Prescription drugs0.0%1.1%1.1%2.1%0.8%1.7%
SEMF02Nonprescription drugs0.1%-0.3%-0.3%4.4%2.5%1.1%
SEMGMedical equipment and supplies-1.0%-1.1%-1.1%4.0%1.4%0.9%
SARRECREATION0.0%1.1%1.1%3.0%2.6%1.9%
SEEAEDUCATIONAL BOOKS & SUPPLIES-0.8%8.1%8.1%3.2%2.0%1.7%
SEGATOBACCO & SMOKING PRODUCTS0.0%6.7%6.7%6.6%6.8%5.6%
SEGBPERSONAL CARE PRODUCTS-1.1%0.5%0.5%3.7%2.2%0.9%
SEGEMISCELLANEOUS PERSONAL GOODS0.6%-1.4%-1.4%2.7%2.8%0.2%
SAGOTHER GOODS AND SERVICES-0.4%3.3%3.3%5.0%4.4%3.2%
SEREOther recreational goods-0.8%-3.2%-3.2%-1.3%-1.0%-3.9%
SERGRecreational reading materials0.4%-0.5%-0.5%1.4%1.8%1.8%
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