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US inflation declines 0.1% in December

US inflation declines 0.1% in December

Mubasher: The US consumer price index (CPI) ticked down 0.1% stable in December 2018, after stabilising in November, data showed on Friday.

For the 12 months ended last December, CPI rose 1.9%, the US Bureau of Labor Statistics (BLS) reported.

The decline in the index came as a result of a drop of 7.5% in the gasoline gauge, which wiped out increases in other indices, including shelter, food, and energy.

However, core CPI, which strips out volatile commodities like food and energy went up 0.2% last month, similar to the two prior months, while the index rose 1.9% year-on-year.

 By 1:29 pm GMT, the US dollar index fell 0.24% to 95.3110.