Mumbai, Feb. 1 -- The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with economist estimates in the month of December.
The report said the personal consumption expenditures (PCE) price index rose by 0.3 percent in December after inching up by 0.1 percent in November. The increase matched expectations.
Prices for goods edged up by 0.2 percent compared to the previous month, while prices for services climbed by 0.3 percent.
The annual rate of growth by the PCE price index accelerated to 2.6 percent in December from 2.4 percent in November, which was also in line with estimates.
While prices for goods were unchanged compared to the same month a year ago, prices for ser...