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CPI Inflation Rate Slides, But Core Prices Are Sticky; S&P 500 Futures Rise

Posted on AllSides January 12th, 2023
From The Right

The CPI inflation rate fell faster than expected in December. However, core inflation, which strips out food and energy, slowed in line with forecasts. S&P 500 futures rose moderately in early Thursday stock market action after release of the consumer price index.

The CPI inflation rate eased to 6.5% from 7.1% the prior month vs. Wall Street expectations of 6.6%. The consumer price index was fell 0.1% on the month vs. the expected flat reading.

The core CPI rose 0.3% vs. November levels, as expected. The annual core inflation rate eased to...

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