FRANK SESNO, CNN ANCHOR: Wall Street is roaring ahead today with another big day after new figures show inflation was barely a whisper last month. The Consumer Price Index edged up less than 0.2 of 1 percent in December. That put the inflation rate for the year at 2.7 percent. The markets are smiling even though the -- with new talk of higher interest rates there -- are still kicking around out there. The Dow, now, is up, as you can see there, 139 points, and the Nasdaq is up sharply as well today. We get more on this story now from CNN Financial News correspondent Bill Dorman who joins us -- Bill.</s>BILL DORMAN, CNN CORRESPONDENT: Frank, inflation is low for a number of reasons. The key to this, though, continues to be increased worker productivity. We see this at every level of the economy, but especially with use -- increased use of technology throughout the workplace and throughout the economy. Also, import prices over the past year have been very low. Energy prices have begun to creep up the last part of this year -- the last part of last year and in recent months, but even if you take out food and energy prices, which tend to be a little volatile, we're looking at the lowest inflation rate overall since 1965.</s>SESNO: (OFF-MIKE) Alan Greenspan, Bill? Some hints there?</s>DORMAN: Sure, Alan Greenspan last night all but said flat out that interest rates are going to be going up. But as you mentioned, the markets going up very strongly tonight -- today. He spoke last night to the New York Economic Club and said, basically, that rates are going to be -- hinted, rather, that rates are going to be going up. Markets reacting favorably to that, though, because he wasn't overly harsh. They're going to go up gently, and we can expect that to happen early February. At least it removes some uncertainty from the market. The market likes that -- Frank.</s>SESNO: Bill, thanks.
Wall Street Roars Ahead After New Figures Show Minimal Inflation