【CBRE】Economic Watch: December Rise in Inflation Will Add to Fed Caution

• The Consumer Price Index (CPI) increased by 0.3% in December to an annual rate of 3.4% vs. respective expectations of 0.2% and 3.2%. The increase was largely driven by shelter costs.
• Core inflation, which excludes food and energy prices, also rose by 0.3% for the month to an annual rate of 3.9%, compared with expectations of 3.8%.

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