Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

HERE COMES CONSUMER PRICES...

Matthew BoeslerJan 16, 2014, 18:32 IST

REUTERS/Stefan WermuthA balloon rises into the sky during the International Balloon Fiesta near Bristol in western England.

Heads up! We are minutes away from the release of December Consumer Price Index data, due out from the U.S. Bureau of Labor Statistics at 8:30 AM ET.

Economists predict prices rose 0.3% from a month earlier in December after a flat reading in November, bringing the year-on-year headline inflation rate to 1.5% from 1.2%.

Core consumer prices - a measure that strips out food and energy - are expected to have risen 0.1% in December, marking a slowdown from November's 0.2% advance and leaving the year-on-year core inflation rate unchanged at 1.7%.

The inflation rate is under close scrutiny by market participants as it takes on increased importance in the Federal Reserve's forward guidance on the likely future path of short-term interest rates.

We will have the full release LIVE at 8:30 AM ET. Click here to refresh for the latest updates »