U.S. consumer prices post biggest rise in nearly 40 years; inflation close to peaking
Consumer prices increase 0.5% in DecemberCPI surges 7.0% year-on-yearCore CPI rises 0.6%; advances 5.5% year-on-yearWASHINGTON, Jan 12 (Reuters) - U.S. consumer prices increased solidly in December as rental accommodation and used cars…