Washington 2020 economy Department Washington

Consumer prices up 0.4% in December led by higher gas prices

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WASHINGTON – U.S. consumer prices rose 0.4% in December, led by a sharp rise in gasoline prices.The Labor Department said Wednesday that the December increase followed a 0.2% rise in November and no change at all in October It was the largest advance in four months.Inflation for all of 2020 was up a modest 1.4%, well below the Federal Reserve's 2% target.

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