The numbers: Higher prices for gasoline, health care and rent spurred another increase in the cost of living in December, capping off the biggest annual advance in inflation in eight years. But price pressures more broadly remained largely muzzled.
The consumer-price index rose 0.2% last month, the government said Tuesday. Economists polled by MarketWatch had forecast a 0.3% advance.
The increase in the cost of living in the past 12 months rose a few ticks to 2.3%, matching the highest level since October 2018.