December CPI report: Top three takeaways

December CPI data revealed that consumer prices were higher than expected, with shelter prices accounting for more than half of the price increases. Food inflation rose, with groceries up 1.3% year-over-year and food at restaurants up 5.2% over the same time period. Meanwhile, used vehicles prices decreased year-over-year by 1.3%. Yahoo Finance’s Josh Schafer, Pras Subramanian, and Brooke DiPalma break down the latest with the report and give insight into impact of these numbers.
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