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CPI December 2020

People buy groceries in a Walmart store on Aug. 23, 2020 in North Bergen, New Jersey.

Kena Betancur | Watch Press | Corbis News | Getty Images

U.S. consumer prices rose in December, with households paying more for oil, although core inflation remains tame as the economy grapples with the devastating COVID-1

9 outbreak that hit the labor market. And service industry

The Labor Department said on Wednesday the consumer price index rose 0.4 percent last month after rising 0.2 percent in November.In the 12 months to December, the CPI rose 1.4 percent after a 1.2 percent gain in November. Economists polled by Reuters had forecast a 0.4 percent increase in CPI and a 1.3 percent increase year over year.

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