The Consumer Price Index rose 0.3% in December, above the estimate of a 0.2% increase, as energy rose 0.9% and food was unchanged. The core rate, which excludes the volatile food and energy, slowed from 0.3% in November to 0.2% and matched expectations. But year-over-year, the core rate ticked up 0.1 percentage points to 2.4%, the highest since March 2007.
Industrial production was unchanged in December, coming in above the estimate of a 0.2% drop, and capacity utilization slipped from 81.6% in November to 81.4%, better than a forecast drop to 81.2%.
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