Consumer Prices in U.S. Rose 0.5% in December on Fuel
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The cost of living in the U.S. climbed more than forecast in December, led by higher fuel and food prices, while other goods and services showed the smallest annual increase on record.
The consumer-price index increased 0.5 percent, more than the 0.4 percent median estimate of economists surveyed by Bloomberg News, figures from the Labor Department showed today in Washington. The so-called core rate, which excludes volatile food and fuel costs, rose 0.1 percent, in line with the median projection.