US consumer prices rose more than expected last month, hotly anticipated data showed. Headline CPI surged 7% YoY in December (figure below), the most in decades. While that merely matched consensus, the MoM print, at 0.5%, was hotter than the 0.4% increase economists projected. The range, from more than five-dozen forecasters, was 0.2% to 0.6%. Core prices came in hot too, rising 5.5% YoY, against estimates for a 5.4% gain. MoM, the core gauge rose 0.6%. Economists expected a 0.5% increase.