Consumer prices were flat in December, pointing to muted inflation pressures that should help give the Federal Reserve room to prop up the economy by staying on its ultra-easy monetary policy path.
Other data on Wednesday suggested the economy continued to grow moderately, with industrial production rising for a second straight month in December after output was held down by a storm in October.
The Labor Department said its Consumer Price Index was unchanged last month, held back by a drop in gasoline prices. The reading was in line with analysts' expectations in a Reuters poll.
Read more: http://www.reuters.com/article/2013/01/16/us-usa-economy-idUSBRE90E0KL20130116
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