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EJ Antoni is an economist and fellow at the Heritage Foundation, whose research focuses on fiscal and monetary policy.
Consumer and state and local government spending were revised higher in the fourth quarter.
Average full time workers saw an increase across the board of 4.2 percent for the year.
The rise of the Consumer Prices Index to 4 percent in December comes after an unexpected drop to 3.9 percent the month before.
Shelter and motor vehicle insurance see a bump in the CPI data.
The consumer price index was flat in October, supporting the case for cuts to interest rates next year.
