📈December CPI readings exceeded expectations, with 3.3% month-over-month and 3.4% year-over-year increases.
🛢️Energy prices have remained relatively stable, but potential disruptions in the energy market may impact future inflation.
🛒Goods prices are rising, with the exception of used vehicles, while food prices hit all-time highs.
🏠Housing costs, including rents, are increasing, contributing to overall inflation.
🌍Global conflicts and potential disruptions in the Middle East may further impact energy prices and overall inflation.