From The Bureau of Labor Statistics, January 12:
CONSUMER PRICE INDEX - DECEMBER 2022
The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.5 percent before seasonal adjustment.
The index for gasoline was by far the largest contributor to the monthly all items decrease, more than offsetting increases in shelter indexes. The food index increased 0.3 percent over the month with the food at home index rising 0.2 percent. The energy index decreased 4.5 percent over the month as the gasoline index declined; other major energy component indexes increased over the month.
The index for all items less food and energy rose 0.3 percent in December, after rising 0.2 percent in November. Indexes which increased in December include the shelter, household furnishings and operations, motor vehicle insurance, recreation, and apparel indexes. The indexes for used cars and trucks, and airline fares were among those that decreased over the month.
The all items index increased 6.5 percent for the 12 months ending December; this was the smallest 12-month increase since the period ending October 2021. The all items less food and energy index rose 5.7 percent over the last 12 months. The energy index increased 7.3 percent for the 12 months ending December, and the food index increased 10.4 percent over the last year; all of these increases were smaller than for the 12-month period ending November....
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...Food
The food index increased 0.3 percent in December following a 0.5-percent increase in November. The food at home index rose 0.2 percent in December. Three of the six major grocery store food group indexes increased over the month. The index for meats, poultry, fish, and eggs increased 1.0 percent in December, as the index for eggs rose 11.1 percent. The index for other food at home rose 0.4 percent over the month, while the index for nonalcoholic beverages increased 0.1 percent in December.
In contrast, the fruits and vegetables index fell 0.6 percent over the month with the fresh fruit index declining 1.9 percent. The index for dairy and related products decreased 0.3 percent in December, and the index for cereals and bakery products was unchanged.
The food away from home index rose 0.4 percent in December, after increasing 0.5 percent in November. The index for limited service meals increased 0.5 percent over the month and the index for full service meals increased 0.1 percent.
The food at home index rose 11.8 percent over the last 12 months. The index for cereals and bakery products rose 16.1 percent over the year. The remaining major grocery store food groups posted increases ranging from 7.7 percent (meats, poultry, fish, and eggs) to 15.3 percent (dairy and related products).
The index for food away from home rose 8.3 percent over the last year. The index for full service meals rose 8.2 percent over the last 12 months, and the index for limited service meals rose 6.6 percent over the same period....
