Inflation 'decelerating a bit' in some areas -advisor

"If you look underneath it was decelerating a little bit, especially in shelter or in services. So I think it really doesn't change what the Fed has told us," said Dhiab.

U.S. consumer prices increased solidly in December as rental accommodation and used cars maintained their strong gains, culminating in the largest annual rise in inflation in nearly four decades, which bolstered expectations that the Federal Reserve will start raising interest rates as early as March.

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