Underlying US consumer prices recorded their largest increase in 11 months in December. Strong gains in the cost of rental accommodation and health care were seen, and this new data bolstered expectations that inflation will gain momentum this year.
Underlying U.S. consumer prices recorded their largest increase in 11 months in December amid strong gains in the cost of rental accommodation and health care, bolstering expectations that inflationwill gain momentum this year.
The Labor Department said its Consumer Price Index excluding the volatile food and energy components rose 0.3 percent last month also as prices for new motor vehicles, used cars and trucks and motor vehicle insurance increased.
How do you think the economy is doing? Are you expecing it to remain positive for 2018?
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