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US consumer prices continued to rise in December, with one measure of price gains registering its biggest increase in two and a half years, the Labor Department said Wednesday. The pick-up in inflation comes as US monetary policymakers say they foresee a faster pace of interest rate increases this year than initially anticipated, to keep prices from accelerating too much. Largely driven by increases in the costs of shelter and gasoline, the Consumer Price Index rose 0.3 percent for December on a seasonally adjusted basis, matching analyst expectations and marking a faster pace than the 0.2 percent gain in November, but slower than October's 0.4 percent increase.
BISMARCK, N.D. (AP) — The Army has started the process of launching a full environmental study of the $3.8 billion Dakota Access pipeline's disputed crossing of the Missouri River in North Dakota, though a federal judge could stop the effort.