Inflation breakdown for December 2023 — in one chart

 The consumer price index rose 3.4% last month relative to a year earlier, the U.S. Labor Department reported Thursday. That’s a larger increase than the 3.1% in November and 3.2% in October.

Shelter prices rose 6.2% over the past year. As the largest piece of the average household’s budget, shelter accounted for more than two-thirds of the CPI’s increase since December 2022, according to the Labor Department.

Other categories with “notable” increases over that time include motor vehicle insurance (prices of which jumped by 20.3%); recreation, such as admissions to concerts and sporting events (2.7%); personal care, such as haircuts (5%); and education costs, like tuition and daycare (2.4%), the Labor Department said.

https://www.cnbc.com/2024/01/11/heres-the-inflation-breakdown-for-december-2023-in-one-chart.html