Beneath the Skin of CPI Inflation, December: Not in the Mood to Just Go Away

By Wolf Richter – Wolf Street

Inflation in core services remains hot, and in December increased by 5.3%, driven by housing; insurance of all kinds; admissions to fun stuff, such as concerts and sports events; and audio and video services, such as streaming and cable. Core services account for over 61% of the Consumer Price Index, and that’s where inflation has gotten entrenched.