US all-item CPI accelerated from 6.8% yoy to 7.0% yoy in December, matched expectations. The annual rate was the largest increase since June 1982. Core CPI accelerated from 4.9% yoy to 5.5% yoy, above expectation of 5.4% yoy. That’s the highest level since February 1991. The energy index rose 29.3% yoy while food index rose 6.3% yoy.
