The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in December, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.7…
Source: U.S. Bureau of Labor Statistics6 min read
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in December, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment.
The index for shelter rose 0.4 percent in December and was the largest factor in the all items monthly increase. The food index increased 0.7 percent over the month as did the food at home index and the food away from home index. The index for energy rose 0.3 percent in December.
The index for all items less food and energy rose 0.2 percent in December. Indexes that increased over the month include recreation, airline fares, medical care, apparel, personal care, and education. The indexes for communication, used cars and trucks, and household furnishings and operations were among the major indexes that decreased in December.
The all items index rose 2.7 percent for the 12 months ending December, the same increase as over the 12 months ending November. The all items less food and energy index rose 2.6 percent over the last 12 months. The energy index increased 2.3 percent for the 12 months ending December. The food index increased 3.1 percent over the last year.
Food
The index for food rose 0.7 percent in December as did the index for food at home. Five of the six major grocery store food group indexes increased in December. The index for other food at home rose 1.6 percent over the month. The cereals and bakery products index increased 0.6 percent in December. The index for fruits and vegetables increased 0.5 percent and the index for nonalcoholic beverages increased 0.4 percent. The dairy and related products index rose 0.9 percent in December. In contrast, the index for meats, poultry, fish, and eggs decreased 0.2 percent in December, as the index for eggs fell 8.2 percent.
The food away from home index also rose 0.7 percent in December. The index for full service meals rose 0.8 percent over the month and the index for limited service meals increased 0.6 percent.
The index for food at home rose 2.4 percent over the 12 months ending in December. The meats, poultry, fish, and eggs index rose 3.9 percent over the last 12 months. The index for other food at home increased 2.7 percent over the same period and the index for nonalcoholic beverages rose 5.1 percent. The cereals and bakery products index increased 1.5 percent over the 12 months ending in December. The index for fruits and vegetables rose 0.5 percent over the year. In contrast, the dairy and related products index decreased 0.9 percent over the same period.
The food away from home index rose 4.1 percent over the last year. The index for full service meals rose 4.9 percent and the index for limited service meals rose 3.3 percent over the same period.
Energy
The index for energy increased 0.3 percent in December. The natural gas index increased 4.4 percent over the same period. The index for gasoline decreased 0.5 percent over the month. (Before seasonal adjustment, gasoline prices decreased 5.3 percent in December.) The electricity index declined 0.1 percent in December.
The index for energy increased 2.3 percent over the past 12 months. The electricity index increased 6.7 percent over the last 12 months and the natural gas index rose 10.8 percent. In contrast, the index for gasoline fell 3.4 percent over this 12-month span.
All items less food and energy
The index for all items less food and energy rose 0.2 percent in December. The shelter index increased 0.4 percent over the month. The index for owners' equivalent rent rose 0.3 percent in December as did the index for rent. The lodging away from home index rose 2.9 percent over the month.
The index for recreation increased 1.2 percent over the month, the largest 1-month increase ever reported for that index, which was first published in 1993. The airline fares index rose 5.2 percent in December and the apparel index rose 0.6 percent. The index for personal care rose 0.4 percent over the month and the index for education increased 0.2 percent.
The medical care index increased 0.4 percent in December. The index for hospital services increased 1.0 percent over the month, while the index for physicians' services rose 0.3 percent. The prescription drugs index increased 0.1 percent in December.
The communication index declined 1.9 percent in December, and the used cars and trucks index fell 1.1 percent. The index for household furnishings and operations decreased 0.5 percent over the month, while the index for new vehicles was unchanged in December.
The index for all items less food and energy rose 2.6 percent over the past 12 months. The shelter index increased 3.2 percent over the last year. Other indexes with notable increases over the last year include medical care (+3.2 percent), household furnishings and operations (+4.0 percent), recreation (+3.0 percent), and personal care (+3.7 percent).
Not seasonally adjusted CPI measures
The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.7 percent over the last 12 months to an index level of 324.054 (1982-84=100). For the month, the index was unchanged prior to seasonal adjustment.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.6 percent over the last 12 months to an index level of 317.014 (1982-84=100). For the month, the index decreased 0.1 percent prior to seasonal adjustment.
The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 2.5 percent over the last 12 months. For the month, the index decreased 0.1 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision.
Upcoming CPI publication changes
With the publication of January 2026 CPI data on February 11, 2026, several index titles will change.
The following CPI indexes will have title changes:
* Care of invalids and elderly at home will be changed to home health care * Technical and business school tuition and fees will be changed to technical and vocational school tuition and fixed fees * Housing at school, excluding board will be changed to lodging while at school
More information is available in the series title change table at: www.bls.gov/cpi/additional-resources/series-title-changes.htm
Following publication of December 2025 data in January 2026, the Consumer Price Index (CPI) compressed tape format files (download.bls.gov/pub/time.series/compressed/tape.format/) will be discontinued. Revised historical unadjusted and seasonally adjusted indexes are available in a similar format through BLS time series downloads for the following CPI surveys:
CU: Consumer Price Index, all urban consumers CW: Consumer Price Index, all urban wage earners and clerical workers AP: Average Price Data SU: Chained Consumer Price Index, all urban consumers
Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.
MortgageRates.news analysis · Historical context
The mortgage market around this release
This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.
Read consumer inflation on a consistent basis
The Consumer Price Index measures changes in prices paid by urban consumers for a basket of goods and services. Check the index, reference month and seasonal adjustment before comparing figures. A monthly change and a twelve-month change describe different periods; the all-items index and the measure excluding food and energy cover different baskets. Consumer inflation informs the wider policy discussion, but the benchmark comparison below does not isolate this release from other information arriving during the month. BLS Consumer Price Index.
Nearest published observation on or before each target date
Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.
What that benchmark difference would mean for a $300,000 loan
At the publication reference$1,829.63/month
6.16% · Jan 8, 2026
At the later reference$1,816.05/month
6.09% · Feb 12, 2026
The illustrative principal-and-interest payment is $13.58 lower per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.
Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.
Sources, historical coverage and calculation limits
Freddie Mac Primary Mortgage Market Survey®: available observations from Apr 2, 1971 through Nov 5, 2026. Cached history snapshot. History retrieved or verified Nov 11, 2026.
U.S. Department of the Treasury: available observations from Jan 4, 2016 through Nov 10, 2026. Cached history snapshot. History retrieved or verified Nov 11, 2026.
The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.
Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.