U.S. CPI accelerates to 3.4 pct in December amid rising shelter, energy prices

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U.S. CPI accelerates to 3.4 pct in December amid rising shelter, energy prices

STORY: U.S. CPI accelerates to 3.4 pct in December amid rising shelter, energy prices SHOOTING TIME: Jan. 11, 2024 DATELINE: Jan. 12, 2024 LENGTH: 00:01:54 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. Labor Department (Nov. 4, 2023) 2. various of a grocery store in Arlington, the U.S. state of Virginia 3. various of a gas station in Arlington, the U.S. state of Virginia STORYLINE: U.S. consumer inflation in December 2023 accelerated to 3.4 percent from a year ago, after dropping to 3.1 percent in the previous month, amid rising shelter and energy prices, the U.S. Labor Department reported Thursday. The Consumer Price Index (CPI) increased 0.3 percent in December on a seasonally adjusted basis, after rising 0.1 percent in November, according to the department's Bureau of Labor Statistics. The index for shelter continued to rise in December, contributing over half of the monthly all-items increase. The energy index rose 0.4 percent over the month as increases in the electr

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