Consumer prices in the U.S. increased by slightly less than anticipated in the month of December, according to a report released by the Labor Department on Tuesday.
The Labor Department said its consumer price index rose by 0.2 percent in December after climbing by 0.3 percent in November. Economists had been expecting another 0.3 percent increase.
The increase in consumer prices was partly due to a jump in energy prices, which surged up by 1.4 percent in December amid a 2.8 percent jump in gasoline prices.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.