Cost of Living in U.S. Increases by Most in Six Months Bloomberg

http://www.bloomberg.com/news/2014-01-16/cost-of-living-in-u-s-rose-in-december-by-most-in-six-months.html

The 0.3 percent gain in the consumer-price index was the biggest since June and followed no change the prior month, a Labor Department report showed today in Washington. It matched the median forecast of 87 economists surveyed by Bloomberg. The core measure, which excludes food and fuel, rose 0.1 percent, restrained by a record decrease in medical commodities including prescription drugs.
Growing demand for rental housing and clothing gives companies more pricing power and signals the Fed is succeeding in stemming disinflation. That will make it easier for policy makers to keep reducing the pace of monthly asset purchases as the economy strengthens. 

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