U.S. consumer prices rose at 0.8%, the slowest annual pace in more than five years in December and are poised to slow further in coming months amid the global plunge in oil prices. That was sharply slower than the 1.3% annual growth pace seen in November, and the lowest annual reading since October 2009.
Excluding the volatile categories of food and energy, so-called core prices rose 1.6% on the year, slowing from a 1.7% annual gain in November and 1.8% annual growth in October.
(Source: WSJ)
