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International Business Times
International Business Times
World

US Consumer Inflation Rises To 2.9 Percent In December

Energy costs were a key driver of inflation in December (Credit: AFP)

US consumer inflation rose for a third straight month in December as energy prices rose, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.

The consumer price index (CPI) accelerated to 2.9 percent last month from a year ago, up from 2.7 percent in November, the Labor Department said in a statement.

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