Federal Reserve's preferred core price gauge cools amid robust spending
The so-called core personal consumption expenditures price index, which strips out food and energy components, increased 2.9pc in December from a year earlier.
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The so-called core personal consumption expenditures price index, which strips out food and energy components, increased 2.9pc in December from a year earlier.
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US consumer price gauges surprised to the upside in December.
The consumer price index increased 3.4pc in the year through December on increases in shelter, electricity, motor-vehicle insurance and used-car prices.