Cost of living in U.S. unchanged as gasoline prices fall—Bloomberg, Dec. 17
No change in the consumer-price index (CPI) followed a 0.1 percent decrease the prior month, a Labor Department report showed in Washington. The median forecast of 83 economists surveyed by Bloomberg called for a 0.1 percent advance. The core measure, which excludes food and fuel, rose 0.2 percent.
“Core inflation is still running too low,” said Laura Rosner, a U.S. economist at BNP Paribas SA in New York. BNP is the top-ranked forecaster of CPI in the past two years, according to data compiled by Bloomberg. “We probably have further weakness to see as retailers adjust prices to reduce the stockpiles that we know boosted growth.”