Inflation & Prices
US CPI Revisions Confirm Inflation Progress at End of 2023
- Report was highly anticipated after large revisions last year
- Fed’s preferred gauge probably saw more disinflation
This article is for subscribers only.
US inflation was about the same at the end of last year as initially reported after incorporating annual revisions, according to new data published Friday.
Consumer prices excluding food and energy items rose at a 3.3% annualized rate in the final three months of 2023, matching the previous reading, Bureau of Labor Statistics data showed. Revisions to the headline figure were also minimal, though December’s monthly increase was marked down to a 0.2% advance instead of 0.3%.