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January 15, 2020

Consumer prices rise with energy costs

WASHINGTON (AP) — Rising energy costs drove U.S. consumer prices higher in December, and American workers' earnings couldn't keep up.

The Labor Department said Tuesday that its consumer price index rose 0.2% last month, lifted by a 2.8% increase in gasoline prices. Over the past year, consumer inflation is up 2.3%. Excluding volatile food and energy prices, so-called core consumer inflation rose just 0.1% in December and 2.3% over the past year.


 
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