US Inflation at 3%, Consumer Prices Unchanged in December 2011

US inflation eased as consumer prices remained in check last month, the US government said Thursday in Washington. While Americans paid more for food, housing and transportation, cheaper energy costs offset the increases.

Consumer prices were flat in December for a second straight month following advances of 0.1, 0.3, and 0.4 percent in October, September, and August. Continue reading