WASHINGTON — U.S. consumer prices rose last month by the most since June, driven up by higher gas prices, but excluding energy, inflation was tame.
The Labor Department said Thursday that the consumer price index rose a seasonally adjusted 0.3 percent in December, after a flat reading the previous month.
Prices increased 1.5 percent in 2013, down from 1.7 percent in 2012. That’s below the Federal Reserve’s target of 2 percent. Fed officials have said in recent months that they are watching the inflation data closely to ensure it does not fall too far.