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US core consumer prices post biggest gain in 11 months

Core CPI rises 1.8 per cent in the 12 months through December; retail sales up 0.4% during the month

Households also paid more for new motor vehicles, which rose 0.6 per cent in price last month, the biggest gain since January.


UNDERLYING US consumer prices recorded their largest increase in 11 months in December, amid strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will gain momentum this year.

The Labor Department said its Consumer Price...

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