Minneapolis CNN —December consumer prices rose from the month before and did not fall as previously thought, according to revised data from the Bureau of Labor Statistics released Friday. The newly calibrated Consumer Price Index shows that prices rose 0.1% on a seasonally adjusted basis in December from November versus a previously estimated decline of 0.1%. The latest annual adjustments show slight shifts in the month-on-month inflation trend for 2022 — with November and October revised up by 0.1 percentage points. “This means that this 2023 CPI report will be based on consumer spending patterns that took place in 2021, as opposed to 2022’s CPI data, which was based on spending data over 2019-2020,” William Blair analyst Richard de Chazal wrote in a note Friday. Here’s how the adjusted data looks for 2022:Month: Original data vs. RevisedJanuary: 0.6% vs. 0.6%February: 0.8% vs. 0.7%March: 1.2% vs. 1%April: 0.3% vs. 0.4%May: 1% vs. 0.9%June: 1.3% vs. 1.2%July: 0.1% vs. 0%August: 0.1% vs. 0.2%September: 0.4% vs. 0.4%October: 0.4% vs. 0.5%November: 0.1% vs. 0.2%December: -0.1% vs. 0.1%

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