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Stock impact report

CPI report shows inflation rose at a 2.7% annual pace in December [Yahoo! Finance]

Principal Financial Group Inc (PFG) 
Last principal financial group inc earnings: 4/27 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
By the numbers The CPI was expected to rise 2.6% on an annual basis last month, according to economists surveyed by financial data firm FactSet. The CPI tracks the changes in a basket of goods and services typically bought by consumers, such as food and apparel. Inflation was unchanged in December from November's 2.7% annual pace, signaling that prices did not ease further at the end of the year. So-called core inflation, or CPI data that excludes volatile food and energy prices, rose by 2.6% over the past 12 months, according to the Bureau of Labor Statistics. Economists polled by FactSet had predicted a 2.7% increase for that measure. Food prices jumped 3.1% last month, accelerating from a increase in November. Groceries have remained a sticking point for Americans who have had to stretch their budget to afford basic staples. Ground beef prices jumped 15.5% compared with a year earlier, while coffee surged 19.8% and bananas rose 5.9%. One food staple that saw a price cu Show less Read more
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