Consumer prices up 0.4% in December led by higher gas prices

chicago.suntimes.com
2 min read
fairly difficult
Last month's increase, the largest in four months, followed a 0.2% rise in November and no change at all in October, according to Labor Department numbers released Wednesday.
WASHINGTON — U.S. consumer prices rose 0.4% in December, led by a sharp rise in gasoline prices.



Inflation for all of 2020 rose a modest 1.4%, well below the Federal Reserve's 2% target. Analysts believe inflation will remain subdued with the U.S. economy still unable to break out of a pandemic-induced downturn.

For December, energy prices rose 4% with gasoline prices surging 8.4%. Even with that big jump,…
Associated Press
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