CPI Details: Where the costs are falling (and rising)

The Consumer Price Index fell another 0.7% after having its biggest one month drop ever last November. The core rate, excluding energy and food, remained unchanged. On a year over year basis, inflation is now running negative, down 0.1%, something not seen since the mid 1950's.

Here is a breakdown of the inflation benchmark to show you where costs are rising and falling most. For December, energy prices were down another 8.3% down and are now down 21.9% from one year ago.

  • CPI: Down -0.74%
    • Ex Food & Energy: Down -.02%
    • Food: Down -.08%
    • Energy: Down -8.32%
  • Housing: Down -.03%
  • Apparel: Down -.94%
  • Transportation: Down -4.42%
  • Medical Care: Up +.28%
  • Recreation: Down -.20%
  • Education & Communication: Up +.31%
  • Other Goods & Svcs: Down -.03%

The unchanged core should give the Fed confidence that deflation is not the critical issue today and futures are pointing up. Some of the Dow stocks up over 2% in the pre-market include American Express , Caterpillar , Citigroup , Intel , Alcoa, and Home Depot .

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