WASHINGTON, Feb 10 (Reuters) - U.S. monthly consumer
prices rose in December instead of falling as previously
estimated, revised government data showed on Friday.
The consumer price index edged up 0.1% in December rather
than dipping 0.1% as reported last month, the Labor Department's
annual benchmark revisions of CPI data showed. Data for November
was also revised higher to show the CPI increasing 0.2% instead
0.1% as previously estimated.
The government recalculated seasonal adjustment factors, the
model it uses to strip out seasonal fluctuations from the data,
from January 2018 through December 2022. The year-on-year data,
which is not seasonally adjusted, was unrevised.
Excluding the volatile food and energy components, the CPI
rose 0.4% in December, instead of 0.3% as previously reported.
Data for November was revised up to show the so-called core CPI
advancing 0.3% instead of 0.2% as initially estimated.
(Reporting by Lucia Mutikani; Editing by Andrea Ricci)
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