Disinflation in key areas of consumer prices should help the Federal Reserve stick to its policy path of gradual cuts to interest rates.

In the 12 months through December, the CPI advanced 2.9% after increasing 2.7% in November. Estimates of economists polled by Reuters called for a monthly increase of 0.3% and 2.9% on a year-on-year basis.

Economists expect the consumer-price index, due this morning, to show inflation running at a 2.9% annual clip in December, up from 2.7% a month earlier. With that in mind, here's how inflation has tra

Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.