US consumer price inflation rate increased to 2.3% in December 2019

 

  • US consumer price inflation rate increased to 2.3% on a YoY basis in December 2019, against 2.1% reported in November 2019. The latest inflation rate in the US economy was the highest in 14 months, largely driven by a sharp reversal in energy costs. Meanwhile, food inflation has eased to 1.8% in December 2019 from 2.0% in November 2019.