Consumer prices (index CPI) in the United States by the end of 2016 increased by 2.1%, which is the maximum rate of increase decreased since 2011 (3%).
In December, prices rose 0.3% from the previous month, which coincided with the average forecast of experts polled by MarketWatch. The rise continued through the end of the fifth month in a row and has accelerated compared to November of 0.2%.
Prices excluding energy and food (index Core CPI) in December increased 0.2% from the previous month and by 2.2% in annual terms. In November, the improving indicators were respectively 0.2% and 2.1%.
The acceleration of inflation last year, driven by higher prices of medical services (4.3%) and petrol and rising rents, while prices for food showed the strongest decline over the years.
In 2014 and 2015, the growth rate of consumer prices in the United States was unusually low, primarily due to the decrease in the cost of motor fuel following the fall in oil prices in the world.
The continued acceleration of inflation increases the likelihood of meeting the expectations of the Federal reserve system (FRS) on the three ascents of the base interest rate in 2017.