US Consumer Prices Increase as Expected in December
U.S. consumer prices increased in December as the distortions related to the government shutdown that had artificially lowered inflation in November unwound, cementing expectations the Federal Reserve would leave interest rates unchanged this month.
The Consumer Price Index rose 0.3% last month, the Labor Department's Bureau of Labor Statistics said on Tuesday. In the 12 months through December, the CPI advanced 2.7%, matching November's gain. Economists polled by Reuters had forecast the CPI picking up 0.3%. The BLS estimated the CPI rose 0.2% from September to November.
The 43-day shutdown prevented the collection of prices for October, resulting in the BLS using a carry-forward method to impute data...
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