Mumbai, Feb. 23 -- A highly anticipated report released by the Commerce Department on Friday showed consumer prices in the U.S. increased by slightly more than expected in the month of December.
The Commerce Department said its personal consumption expenditures (PCE) price index climbed by 0.4 percent in December after inching up by 0.2 percent in November.
The slightly bigger than expected monthly increase by prices came as prices for goods grew by 0.4 percent and prices for services rose by 0.3 percent.
The report also said the PCE price index in December was up by 2.9 percent compared to the same month a year ago, reflecting an uptick from 2.8 percent in November. The annual rate of growth was expected to remain unchanged.
Excluding ...