U.S. Consumer Price Index for December: Up 2.7% Year-over-Year, Same as Previous Month

Recently NHK News on-line reported the following:

米 12月の消費者物価指数 前年同月比2.7％の上昇 前月と同水準

2026年1月13日午後10時58分

(2026年1月14日午前0時27分更新)

アメリカ

円相場や株価に影響を及ぼすアメリカの去年12月の消費者物価指数が発表され、前の年の同じ月と比べて2.7％の上昇となりました。これは前の月と同じ水準で、トランプ政権の関税措置などを背景にした物価の上昇傾向に歯止めがかかっていることが示された形です。

アメリカ労働省が13日に発表した去年12月の消費者物価指数は、前の年の同じ月と比べて2.7％の上昇となりました。

これは市場の予想と同じ水準で、前の月と横ばいでした。

項目別ではガス代が10.8％、電気代が6.7％、外食費が4.1％それぞれ上昇した一方、ガソリン価格は3.4％下落しました。

また、変動の大きい食品やエネルギーを除いたいわゆるコアの物価指数は、前の年の同じ月と比べて2.6％の上昇で、こちらも前の月と同じ水準でした。

アメリカではトランプ政権の関税措置などを背景に去年5月から秋にかけてインフレ率の上昇傾向が続いていましたが、こうした傾向に歯止めがかかっていることが示された形です。

ただ、今後の利下げをめぐってはFRB＝連邦準備制度理事会のパウエル議長が慎重に判断していく考えを示していることなどから、金融市場ではFRBが今月下旬に開く会合で政策金利を据え置くとの見方が広がっています。

Translation

U.S. Consumer Price Index for December: Up 2.7% Year-over-Year, Same as Previous Month

U.S.

The U.S. Consumer Price Index for December last year which could influence the yen exchange rate and stock prices was released, it showed a 2.7% increase compared to the same month last year. This was the same level as the previous month, indicating that the upward trend in prices due to the Trump administration's tariff measures and other factors had come to a halt.

The U.S. Department of Labor announced on the 13th that the Consumer Price Index for December last year rose 2.7% compared to the same month last year.

This was in line with market expectations and remained at the same level as the previous month.

By item, gas prices increased 10.8%, electricity prices increased 6.7%, and dining out costs increased 4.1%, while gasoline prices fell 3.4%.

Additionally, the so-called core price index which excluded volatile food and energy prices had risen 2.6% compared to the same month last year. It also remained at the same level as the previous month.

In the US, the inflation rate had been on an upward trend from May to autumn of last year due to factors such as the Trump administration's tariffs, but this index showed that the trend was now being halted.

However, with Federal Reserve Chairman Powell indicating that he intended to make careful decisions regarding future interest rate cuts, there was a growing view in financial markets that the Fed would keep its policy interest rate unchanged at its meeting later this month.

So, the U.S. Consumer Price Index indicates that the upward trend in prices due to the Trump administration's tariff measures and other factors has come to a halt. Probably the Fed will keep its policy interest rate unchanged at its meeting later this month. I am wondering how will Trump react to that.