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Wall St futures pare declines after December inflation data

BY Reuters | ECONOMIC | 08:38 AM EST

Jan 13 (Reuters) - U.S. stock index futures pared declines on Tuesday after core consumer prices for December came ?in cooler than expected.

A Labor Department ?report showed that the Consumer ?Price Index rose 0.3% ?on a ?monthly basis in December versus a ?0.3% increase forecast ?by economists polled by Reuters. It stood at ?2.7% on a ?year-on-year ?basis, compared with an estimated 2.7% rise.

The core figure, excluding ?volatile food and energy components, rose 0.2% on a monthly basis, compared with expectations for a 0.3% advance. It ?came ?in at 2.6% on a year-on-year basis, versus ?an estimated 2.7% increase.

At 8:31 a.m., Dow E-minis were up 75 points, or 0.15%, S&P 500 E-minis were up 15.5 points, or ?0.22%, and Nasdaq 100 E-minis were up 55.5 points, or 0.21%.

(Reporting by ?Pranav Kashyap; Editing by Maju Samuel)

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