US core consumer prices, excluding volatile items such as food and energy, increased 0.2 percent month-over-month in December 2018, the same pace as in November and in line with market expectations. Prices increases were seen in shelter; recreation; medical care; and household furnishings and operations. Meanwhile, the indexes for airline fares; used cars and trucks; and motor vehicle insurance dropped. Core Consumer Prices in the United States averaged 124.92 Index Points from 1957 until 2018, reaching an all time high of 260.03 Index Points in December of 2018 and a record low of 28.50 Index Points in January of 1957.
Core Consumer Prices in the United States is expected to be 261.96 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Consumer Prices in the United States to stand at 265.45 in 12 months time. In the long-term, the United States Core Consumer Prices is projected to trend around 277.26 Index Points in 2020, according to our econometric models.