U.S. consumer prices recorded their biggest decline in six years in December. The Labor Department said on Friday its Consumer Price Index fell 0.4 percent last month, the largest drop since December 2008, after sliding 0.3 percent in November. In the 12 months through December, CPI increased 0.8 percent.

It was the weakest year-on-year reading since October 2009, and followed a 1.3 percent rise in November.

Prior Actual
CPI – M/M change -0.3 % -0.4 %
CPI – Y/Y change 1.3 % 0.7 %
CPI less food & energy- M/M change 0.1 % 0.0 %
CPI less food & energy – Y/Y change 1.7 % 1.6 %