US inflation held firm in December amid pressure on Trump over cost of living

Consumer price index rose 2.7% in year to December, in line with November, as president feuds with Fed over rate cuts

US inflation held firm last month as Donald Trump faces mounting pressure over the cost of living for millions of Americans.

The closely-watched consumer price index rose 2.7% in the year to December, in line with the previous month, according to official data published on Tuesday morning, ahead of a speech by the US president on the economy.

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