SPX News by Allie Longford on 09:07 January 18, 2017 EST
Trump is not yet president of the US and his planned protectionist policies and fiscal stimulus, which undoubtedly will lead to higher prices, are not yet to be blamed, but inflation is already among us.
U.S. consumer prices rose in December as Americans paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in two and a half years.
Rents increased 0.3 percent last month
The CPI rose 2.1 percent in 2016, up from 0.7 percent in 2015 and in line with expectations. The core CPI increased 2.2 percent in the 12 months through December, from 2.1 percent in November.
Stocks and currencies quiet after the news.