On a seasonally adjusted basis, the Consumer Price Index for all Urban Consumers (CPI-U) rose 0.1 percent in December, the same as in November.
The index for food rose 0.3 percent in December, with prices for food at home up 0.3 percent. Energy costs declined for the second consecutive month—down 0.4 percent in December. Within energy, the index for petroleum-based energy declined 1.4 percent while the index for energy services increased 0.5 percent. Excluding food and energy, the CPI-U rose 0.1 percent, following increases of 0.2 percent in the preceding two months.
For the 12-month period ended in December, the CPI-U rose 2.4 percent. This compares with an increase of 1.6 percent in all of 2001.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices in December at https://www.bls.gov/opub/ted/2003/jan/wk2/art05.htm (visited January 31, 2023).