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2 months ago

December inflation data will be 'extremely muddy' economists warn

The Labor Department is set to release the December consumer price index (CPI) on Tuesday, which is expected to show inflation remaining elevated above the Federal Reserve's 2% target as data collection disruptions from the government shutdown linger.The consensus forecast compiled by FactSet estimates that headline inflation rose 0.3% on a monthly basis in December and 2.6% year-over-year, while core inflation, that excludes more volatile food and energy prices, rose 0.26% for the month and 2.6% from the prior year.Economists are warning that the 43-day government shutdown that ended in mid-N...