You are here: Home » International » News » Economy
Business Standard

US core consumer prices record biggest gain in 11 months in December

This will bolster expectations that inflation will gain momentum this year

Reuters  |  Washington 

Underlying US consumer prices recorded their largest increase in 11 months in December amid strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will gain momentum this year. The Labor Department said its Consumer Price Index excluding the volatile food and energy components rose 0.3 per cent last month also as prices for new motor vehicles, used cars and trucks and motor vehicle insurance increased. That was the biggest advance in the so-called core CPI since January and followed a 0.1 percent gain in November. Core CPI ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, January 12 2018. 22:55 IST
RECOMMENDED FOR YOU