Source: Economics Group of Wells Fargo Bank, N.A.Summary Inflation continued to ease in December. The headline CPI fell 0.1% in the month, and December marked the third consecutive increase in the core index of 0.3% or less. A major decline in gasoline prices helped keep headline inflation in check, but the signs of slower inflation extended beyond prices at the pump. Grocery store prices grew at the slowest pace since March 2021, and core goods prices declined for the third consecutive month, led lower by another decline in prices for used autos. Services remained the hottest inflation category. Prices of core services rose 0.5% in December, led higher by a sizable 0.8% increase in shelter costs. READ FULL ARTICLE>>
