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U.S. consumer prices rise slightly; underlying inflation muted

U.S. consumer prices rise slightly; underlying inflation muted

WASHINGTON (Reuters) - U.S. consumer prices rose slightly less than expected in December and monthly underlying inflation pressures retreated, which could allow the Federal Reserve to keep interest rates unchanged at least through this year. The Labor Department said on Tuesday its consumer price index increased 0.2% last month after climbing 0.3%