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WEKU
Business
Scott Horsley

As car insurance continues to rise, U.S. inflation ticks up in December

Inflation Insurance Raphael Bostic the Federal Reserve
Inflation ticked up in December, with prices rising 3.4% from a year ago. (Justin Sullivan/Getty Images)

Inflation ticked up a little in December on the back of higher costs for housing and car insurance.

The overall cost of living in December was up 3.4% from a year ago, a slightly larger increase than the 3.1% rate in November, according to data from the Labor Department on Thursday.

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