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VOL. 45 | NO. 2 | Friday, January 8, 2021

Consumer prices up 0.4% in December led by higher gas prices

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WASHINGTON (AP) — U.S. consumer prices rose 0.4% in December, led by a sharp rise in gasoline prices.

The Labor Department said Wednesday that the December increase followed a 0.2% rise in November and no change at all in October It was the largest advance in four months.

Inflation for all of 2020 was up a modest 1.4%, well below the Federal Reserve's 2% target. Analysts believe inflation will remain well-behaved with the economy still struggling to emerge from a pandemic-induced downturn.

Inflation has been dormant over the past decade, a development that is allowing the Federal Reserve to keep interest rates at ultra-low levels to provide a boost to an economy struggling with a surge in Covid-19 cases that has forced renewed business shutdowns at a time millions of people remain out of work.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0