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Wednesday, January 16, 2013

The Two-Way

Inflation Rate Slowed Sharply In 2012; Prices Were Flat In December

The cost of a gallon of gas kept rising last year, but not at the torrid pace of 2010 and 2011. That helped keep inflation in check.

January 16, 2013 Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent. A sharp slowing in the increase of gas prices was a major factor. The news means interest rates will likely stay low.

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