US Inflation has further dropped to 1.20% today.
Main drivers of this latest in a series of disinflationary coolings were:
- Food - mostly Eggs
- Household durables - particularly housekeeping supplies
- Alcohol & tobacco - mostly alcoholic beverages
Our number is derived by aggregating millions of real-time price data points every day to calculate a year-over-year CPI % rate. It is comparable but not identical to the survey-based official headline inflation released monthly by the BLS, which was 2.7% for December.