US inflation held steady in December at a slightly cooler pace than the start of 2025 – though missing data due to the government shutdown left the report murkier than usual.
The Consumer Price Index rose 2.7% in December over the past 12 months – the same as last month’s report and in line with expectations, the Bureau of Labor Statistics said Tuesday.
Core CPI – which excludes volatile food and energy prices – rose 2.6% on a yearly basis.
The headline and core figures saw a 0.3% and 0.2% monthly increase, respectively.
While prices have not fallen, the pace of inflation slowed over 2025 from 3% in January.
The White House has eased its onslaught of tariffs since earlier this year, so most companies have already passed tariffs along to consumers or have continued to absorb the bulk of added costs.
