A gauge of underlying U.S. inflation rose less than forecast in December, restrained in part by a deceleration in shelter costs and underscoring the Federal Reserve’s view that price pressures are muted.
The core consumer price index, which excludes volatile food and energy costs, increased 0.1% in December from the prior month, the smallest advance in three months, a Labor Department report showed Tuesday. The median estimate in a Bloomberg survey of economists called for a 0.2% rise.
Compared with a year earlier, the core CPI rose 2.3%, in line with estimates. The broader CPI increased 0.2% and 2.3% from December 2018, both below forecast.
Source : Bloomberg