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The Guardian - US

Business

Michael Sainato

US inflation held firm in December amid pressure on Trump over cost of living

Donald Trump Inflation United States US Federal Reserve

Person in supermarket — A shopper in a supermarket in Dayton, Ohio. Photograph: Kyle Grillot/Bloomberg via Getty Images

US inflation held firm last month as Donald Trump faces mounting pressure over the cost of living for millions of Americans.

The closely watched consumer price index rose 2.7% in the year to December, in line with the previous month, according to official data published on Tuesday morning, ahead of a speech by the US president on the economy.

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