CPI rose at 2.7% annual rate
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So-called core inflation, or CPI data that excludes volatile food and energy prices, rose by 2.6% over the past 12 months, according to the Bureau of Labor Statistics. Economists polled by FactSet had predicted a 2.7% increase for that measure.
The consumer price index was unchanged in December, and the inflation rate for some consumer staples like food and electricity remains elevated.
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