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
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Washington
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 Index, excluding the volatile food and energy components, rose 0.3 per cent last month, also as prices for new motor vehicles, used cars and trucks and motor vehicle insurance increased.
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