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Los Angeles TimesBy CHRISTOPHER RUGABER WASHINGTON (AP) — U.S. inflation cooled slightly last month, thanks to falling gasoline and used-car prices, a sign that cost pressures are slowly easing. Consumer prices rose 0.3% in December from the previous month, the Labor Department reported Tuesday, the same as in November. Excluding volatile food and energy categories, core inflation climbed 0.2%, also unchanged from November. Increases at that pace would eventuall…
Many economists say that the prolonged closure of government affected the actual collection of data from October and November.
CPI Inflation Report: December Overall, Core Price Pressures; What the Data Means for the Fed's Interest Rates
Follow live coverage and news of the December release consumer price index, scheduled for Tuesday at 8:30 a.m. Eastern time. The inflation data is being watched by the Fed for its interest-rate policy.
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