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Rising rents, healthcare costs boost underlying U.S. inflation

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - Underlying U.S. consumer prices recorded their largest increase in 11 months in December on strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.The strengthening domestic demand was also underscored by other data on Friday showing retail sales rising at a solid clip in December. The reports probably will keep the Federal Reserve on course to increase interest rates in March. They raised the prospects of a more aggressive monetary policy tightening this year, especially against ...

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First Published: Fri, January 12 2018. 23:12 IST
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