Underlying U.S. inflation picks up to keep Fed hike on track

UNITED STATES CPI inflation slowed to 2.2 percent in November. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
UNITED STATES CPI inflation slowed to 2.2 percent in November. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
NEW YORK - A key measure of United States inflation picked up as expected in November on rising costs for housing, medical care and used cars, reinforcing expectations that the Federal Reserve will raise interest rates next week. The so-called core consumer price index, which excludes volatile food and energy costs, rose 0.2 percent from the…

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