Fourth quarter GDP grew at annualized rate of 2.6%, down from the previous quarter’s rate of 3.2% growth. The change resulted from a downturn in private inventory investment and an upturn in imported goods, which is a subtraction from the calculation of GDP.
CPI—Annualized Monthly Reports
The largest factor in the uptick in consumer inflation was energy prices, spurred on by higher gasoline prices and cold weather in the northern states.
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