U.S. Consumer Prices Rise Moderately in December
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US consumer prices gain slightly; underlying inflation tame
US consumer prices gain slightly; underlying inflation tame
The U.S. Department of Labor Department reports that its Consumer Price Index (CPI) increased 0.2% in December, after climbing 0.3% in November. The monthly increase in the CPI has been slowing since jumping 0.4% in October. In the 12 months through December, the CPI rose 2.3% after gaining 2.1% in the 12 months through November. Excluding the volatile food and energy components, the CPI edged up 0.1% after gaining 0.2% in November.
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