Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ CPI December 2020

CPI December 2020

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

9 pandemic that has weighed on the labor market and the service industry.

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.

Source link