Rising consumer prices in the United States

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US consumer prices rose in December, as families paid more for gasoline, but inflation remained under control in light of the economic difficulties caused by the “Covid-19” pandemic, which burdens the labor market and the services sector.
The US Labor Department said on Wednesday that its consumer price index rose 0.4 percent last month, after rising 0.2 percent in November. In the twelve months to the end of December, the index rose 1.4 percent, after increasing 1.2 percent in November.
Economists polled by Reuters had expected the index to rise 0.4 percent from the previous month and 1.3 percent on an annual basis. (Reuters)





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