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U.S. consumer prices rose 1.4% in a year in December

The U.S. Department of Labor released data on the dynamics of consumer prices in the country in December last year. Relative to the last month of 2019, U.S. prices rose 1.4%, while economists had expected annual inflation to be 1.3%.

Inflation in December strengthened against November's 1.2%. Compared with the previous month consumer prices rose by 0.4%, while in November there was a 0.2% increase. This figure coincided with the forecasts of experts, noting the most significant increase since last August.

The annual inflation rate, which does not include the cost of food and energy, was recorded at 1.6%. Compared with November, this indicator of prices rose by 0.1%, confirming economists' estimates.

Foodstuffs rose by 0.4% in December, and over the past 12 months, their cost has increased by 3.9%. Energy prices rose by 4% month-on-month, and relative to December 2019, their price decreased by 7%.

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