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 Code | BLS CPI Category Description | 1M 12/24 | 1Y 12/24 | 3Y 12/24 | 5Y 12/24 | 10Y 12/24 | 20Y 12/24 | |
---|---|---|---|---|---|---|---|---|
SAF | FOOD & BEVERAGES | 0.2% | 2.4% | 2.4% | 5.0% | 5.0% | 3.0% | |
SAF11 | Food at home | 0.1% | 1.8% | 1.8% | 4.8% | 5.0% | 2.4% | |
SAF114 | Nonalcoholic beverages & beverage materials | -0.4% | 2.3% | 2.3% | 5.7% | 5.4% | 2.8% | |
SEFN | Juices & nonalcoholic drinks | -0.8% | 1.8% | 1.8% | 5.8% | 5.6% | 3.2% | |
SEFN01 | Carbonated drinks | -1.9% | 0.6% | 0.6% | 5.4% | 6.1% | 3.6% | |
SEFN03 | Nonfrozen noncarbonated juices & drinks | 0.2% | 2.5% | 2.5% | 5.9% | 5.2% | 2.9% | |
SEFP | Beverage materials including coffee & tea | 0.4% | 3.5% | 3.5% | 5.7% | 4.7% | 1.9% | |
SEFP01 | Coffee | 0.3% | 3.8% | 3.8% | 5.3% | 4.9% | 1.7% | |
SEFP02 | Other beverage materials including tea | 0.5% | 3.0% | 3.0% | 6.4% | 4.3% | 2.3% | |
SAF115 | Other food at home | 0.1% | 0.8% | 0.8% | 5.7% | 5.3% | 2.8% | |
SEFT06 | Other miscellaneous foods | 0.3% | 0.6% | 0.6% | 5.4% | 4.8% | 2.6% | |
SEFW | Alcoholic beverages at home | -0.2% | 1.0% | 1.0% | 2.4% | 2.3% | 1.5% | |
SEFW01 | Beer, ale & other malt beverages at home | 0.0% | 2.5% | 2.5% | 4.3% | 3.6% | 2.6% | |
SEFW02 | Distilled spirits at home | -0.3% | 0.2% | 0.2% | 0.9% | 1.8% | 0.8% | |
SEFW03 | Wine at home | -0.3% | -0.1% | -0.1% | 1.5% | 1.4% | 0.7% | |
SEHE | FUEL OIL & OTHER FUELS | 1.4% | -6.0% | -6.0% | 1.4% | 4.5% | 1.9% | |
SAH3 | HOUSEHOLD FURNISHINGS & OPERATIONS | -0.1% | 0.7% | 0.7% | 2.6% | 3.6% | 1.9% | |
SAA | APPAREL | -1.7% | 1.2% | 1.2% | 1.7% | 1.3% | 0.3% | |
SAM1 | MEDICAL CARE COMMODITIES | 0.0% | 0.5% | 0.5% | 2.8% | 1.3% | 1.7% | |
SEMF | Medicinal drugs | 0.1% | 0.6% | 0.6% | 2.7% | 1.2% | 1.7% | |
SEMF01 | Prescription drugs | 0.0% | 1.1% | 1.1% | 2.1% | 0.8% | 1.7% | |
SEMF02 | Nonprescription drugs | 0.1% | -0.3% | -0.3% | 4.4% | 2.5% | 1.1% | |
SEMG | Medical equipment and supplies | -1.0% | -1.1% | -1.1% | 4.0% | 1.4% | 0.9% | |
SAR | RECREATION | 0.0% | 1.1% | 1.1% | 3.0% | 2.6% | 1.9% | |
SEEA | EDUCATIONAL BOOKS & SUPPLIES | -0.8% | 8.1% | 8.1% | 3.2% | 2.0% | 1.7% | |
SEGA | TOBACCO & SMOKING PRODUCTS | 0.0% | 6.7% | 6.7% | 6.6% | 6.8% | 5.6% | |
SEGB | PERSONAL CARE PRODUCTS | -1.1% | 0.5% | 0.5% | 3.7% | 2.2% | 0.9% | |
SEGE | MISCELLANEOUS PERSONAL GOODS | 0.6% | -1.4% | -1.4% | 2.7% | 2.8% | 0.2% | |
SAG | OTHER GOODS AND SERVICES | -0.4% | 3.3% | 3.3% | 5.0% | 4.4% | 3.2% | |
SERE | Other recreational goods | -0.8% | -3.2% | -3.2% | -1.3% | -1.0% | -3.9% | |
SERG | Recreational reading materials | 0.4% | -0.5% | -0.5% | 1.4% | 1.8% | 1.8% |