US consumer inflation jumps more than expected to 3.4% – World

WASHINGTON: Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, although underlying pressures still appear to be ebbing.

The Department of Labor’s consumer price index (CPI), a key measure of inflation, was up 3.4 percent from a year ago and higher than November’s figure.

However, a “core” metric that strips out volatile food…