US inflation stayed at 2.7 per cent in December, according to data that suggested inflation pressures are being contained even as price growth remained above the Federal Reserve’s target.
Tuesday’s annual consumer price index figure was unchanged from November and in line with the expectations of economists polled by Bloomberg.
Core inflation, stripping out volatile food and energy prices, rose 2.6 per cent, just below expectations of 2.7 per cent. The figure was offset slightly by housing-related prices, which rose 3.2 per cent.
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