Year-on-year, energy prices jumped 5.4 percent, following a 1.1 percent rise in November. Inflation accelerated for transportation services (2.8 percent from 2.5 percent in November) and was steady for shelter (3.6 percent) and medical care (3.9 percent). In addition, food prices declined at a slower 0.2 percent (-0.4 percent in November).
Annual core inflation, which excludes food and energy, rose to 2.2 percent from 2.1 percent in the previous two months and matching expectations.
On a monthly basis, consumer prices increased 0.3 percent, higher than 0.2 percent in November and also in line with forecasts, boosted by shelter (0.3 percent) and gasoline (3 percent). In contrast, food cost declined, offsetting an increase in the index for food away from home and leaving the overall food index unchanged for the sixth consecutive month. Excluding food and energy, prices rose 0.2 percent, the same as in November. Along with shelter, prices went up for motor vehicle insurance, medical care, education, airline fares, used cars and trucks and new vehicles but fell for apparel and communication.