CPI: Egg prices surge as US inflation picks up

Getty ImagesA jump in energy and food prices hit the US last month, as progress stabilising prices remained elusive.On average, prices in December were up 2.9% compared with a year earlier, up from 2.7% in November, the Labor Department said. Energy prices accounted for more than 40% of the rise in inflation last month, according to the monthly report. It also showed egg prices shot up more than 36% compared with…