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A Core CPI index is a CPI that excludes goods with high price volatility, typically food and energy, so as to gauge a more underlying, widespread, or fundamental inflation that affects broader sets of items. More specifically, food and energy prices are subject to large changes that often fail to persist and do not represent relative price changes.
Over 40% of the monthly CPI increase was attributed to rising energy prices, as the Bureau of Labor Statistics' energy index increased 2.6% in December after energy prices had shown little change ...
Core inflation, which excludes volatile food and energy items and is watched more closely by the Federal Reserve because it reflects more sustainable trends, increased a modest 0.2% following four ...
The higher December costs were partially driven by higher energy costs, including gasoline. ... released its Consumer Price Index, a key marker of inflation, which jumped 0.4% in December, part of ...
The concept of core inflation as aggregate price growth excluding food and energy was introduced in a 1975 paper by Robert J. Gordon. [1] This is the definition of "core inflation" most used for political purposes.
Notable callouts from the inflation print include the shelter index, which rose 4.6% on an unadjusted annual basis, slightly lower than November's 4.7% uptick and the smallest 12-month increase ...
Headline inflation is a measure of the total inflation within an economy, including commodities such as food and energy prices (e.g., oil and gas), which tend to be much more volatile and prone to inflationary spikes.
Excluding energy and food, the closely watched core CPI gauge slowed for the first time in months, rising just 0.2% from November and easing to 3.2% after staying stuck at 3.3% since September 2024.