Home Business US inflation: import price index -0.2% in December, but ex fuel + 0.5%

US inflation: import price index -0.2% in December, but ex fuel + 0.5%

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In December, US inflation measured by the import price index fell by 0.2%, slowing down from + 0.7% in November and surprising the consensus, which had forecast a rise of 0. ,2%. On an annual basis, however, the trend was up by 10.4%, at the strongest pace since the rise of + 10.6% in 2007.

However, excluding the fuel price component, the trend was an increase of 0.5%.

Furthermore, on an annual basis, again excluding fuel prices, the trend was a jump in the import price index equal to + 6.4%, a record since 2002.

In particular, on an annual basis, fuel prices slipped by 6.5% in December, reporting the first decline since August 2021.

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