(CNBC) A key measure of consumer prices is expected to show that inflation at the consumer level spiked in December, the hottest increase in prices since the early 1980s. Economists expect the consumer price rose 0.4% in December, and 7% on a year-over-year basis, according to Dow Jones. That compares to a 0.8% jump in November, or a 6.8% gain year-over-year, the highest since 1982.
December’s consumer prices are likely to be hot, but the peak could come soon
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