U.S. consumer prices rose in line with expectations in December, according to the Consumer Price Index (CPI) report released on Tuesday.

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According to data from the Bureau of Labor Statistics (BLS), on a seasonally adjusted basis, CPI rose 0.3% in December, after rising 0.2% in November.

This puts the annual rate at 2.7% before the seasonal adjustment.

Core CPI, which excludes food and energy, showed a 0.2% increase in December, after rising 0.3% in November, lower than a Dow Jones estimate, according to MarketWatch data.

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