Inflation Picks Up in December
The U.S. Bureau of Labor Statistics (BLS) published their current inflation (CPI-U) report for the month of December on January 20th. The Consumer Price Index was 236.525 down from 237.336 in November. Our Current Annual Inflation Rate chart shows that although it is still low inflation has moved up through its 12 month moving average so this could mean that short-term the trend is now up. Annual inflation for the 12 months ending in December 2015 was up slightly at 0.73% from 0.50% in November. Gasoline... How Low Can You Go? This month we have updated our inflation adjusted gasoline price chart. In it we can see that when we adjust historical gasoline prices for inflation, the current price of gasoline is actually nearing an all-time low.