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Jan. 14 (Bloomberg) -- Alberto Cavallo, an assistant professor at the Massachusetts Institute of Technology's Sloan School of Management, talks about U.S. inflation. The cost of living in the U.S. climbed more than forecast in December, led by higher fuel and food prices, while other goods and services showed the smallest annual increase on record. Cavallo speaks with Lisa Murphy on Bloomberg Television's "Fast Forward." (Source: Bloomberg)