Published on January 24th, 2015 03:19 PM
The Consumer Price Index (CPI) rose 1.5% in the 12 months to December, following a 2.0% increase in November.
Lower gasoline prices lead the deceleration in the Consumer Price Index
The slower year-over-year rise in the CPI was mostly attributable to gasoline prices, which dropped 16.6% in the 12 months to December, after falling 5.9% in November.
Excluding gasoline, the CPI increased 2.3% on a year-over-year basis in December, matching the rise in November.