CPI accelerates in December, as expected; core CPI surprises lower
Excluding food and energy, core CPI gained 0.2% from a month earlier, after increasing 0.3% in each of the previous four months. The latest print slightly trailed the +0.3% consensus and the prior month's +0.3%. The core measure's Y/Y rise of 3.2% inched down from 3.3% in November and fell short of the +3.3% consensus.