Consumer prices in the United States remained tame in December, pushed down by a significant decline in the price of gasoline and zero inflation in the prices of core goods that many thought would face pressure from tariffs.
The consumer price index rose 2.7 percent in 2025, matching expectations and unchanged from the 12-month number reported in the prior month. Core CPI, a measure that excludes energy and food prices, rose 2.6 percent, also matching the prior month and better than expected.
Over the month, the overall basket rose 0.3 percent, and the core basket rose 0.2 percent.
Core goods prices—a measure that excludes food and energy…
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