US CPI inflation rebounds in Dec to 3.4%

Last Updated: March 13, 2026

US CPI for Dec 2023

Core CPI: 3.93% YoY (Nov: 4.01%) | 0.31% MoM (0.28%)
Headline CPI: 3.35% YoY (Nov: 3.14%) | 0.30% MoM (0.10%)

Energy prices rises 0.41% in the month

Energy CPI: -2.02% YoY (Nov:-5.44%) | 0.41% MoM (-2.29%)
Food CPI: 2.70% YoY (Nov:2.95%) | 0.21% MoM (0.22%)
Service less energy CPI: 5.31% YoY (Nov:5.47%) | 0.44% MoM (0.47%)

Shelter costs rises to 0.46% MoM

Shelter CPI: 6.15% YoY (Nov:6.51%) | 0.46% MoM (0.45%)

“The shelter index increased 6.2 percent over the last year, accounting for over two thirds of the total increase in the all items less food and energy index,”

Annualized Core CPI

1-month: 3.77%
3-month: 3.33%
6-month: 3.21%