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Rents boost U.S. core CPI; retail sales rise solidly

Reuters  |  WASHINGTON 

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

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First Published: Fri, January 12 2018. 22:26 IST