Inflation Report to Show if Prices Are Still Climbing or Progress Made in December
• Inflation report on Thursday expected to show prices rose 3.2% annually in December, up from 3.1% in November
• Monthly price inflation seen accelerating to 0.2% pace in December due to energy prices
• Core inflation excluding food and energy prices projected to remain unchanged at 3.8% annual rate
• Report will show if progress on lowering inflation stalled or continued in December
• Burden of high inflation falls disproportionately on low-income Americans whose paychecks are heavily impacted