The core consumer price index increased 0.2% after rising 0.3% for four straight months. — Reuters
NEW YORK: US consumer prices rose in December by less than forecast after months of faster underlying inflation persuaded the Federal Reserve (Fed) to signal a pause in interest-rate cuts.
The so-called core consumer price index (CPI) – which excludes food and energy costs – increased 0.2% after rising 0.3% for four straight months, Bureau of Labour Statistics figures showed.
