People are buying groceries at a Walmart store on August 23, 2020 in North Bergen, New Jersey.
Kena Betancur | SHOW press | Corbis News | Getty Images
U.S. consumer prices rose in December, with households paying more for gasoline, though underlying inflation remained tame as the economy battled a fierce COVID-1
The Labor Department said Wednesday that the consumer price index rose 0.4% last month after rising 0.2% in November. In the 12 months to December, the CPI rose by 1.4% after rising 1.2% in November. Economists polled by Reuters had predicted that CPI footprint rose 0.4%, up 1.3% from a year earlier.