In December, CPI was way up, core CPI was way down

Kevin DrumJanuary 15, 2025 – 10:02 am2 Comments

Today's CPI report has good news and bad news. The bad news is that headline CPI spiked up to 4.8% in December. The good news is that this was due largely to gasoline and fuel oil. Core CPI dropped to 2.7%.

On a conventional year-over-year basis, headline CPI came in at 2.9% and core CPI was 3.2%.

2 thoughts on “In December, CPI was way up, core CPI was way down”

dspcole January 15, 2025 – 10:57 am at

How did eggs clock in?
1. emjayay January 15, 2025 – 12:40 pm at
  
  Well, gas (the kind also known as petrol) is $2.94 a gallon a few blocks from me in Brooklyn. No gas flu apparently.

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I started blogging in 2002 at my own site. In 2004 I got hired by the Washington Monthly and then moved to Mother Jones in 2008, where I blogged and wrote for the print magazine for 12 years. Finally, in 2021, I came full circle, leaving MoJo to once again blog at my own site.

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