Consumer confidence hits 8-month high

The numbers: A survey of consumer confidence jumped to an eight-month high of 108.3 in December, reflecting fewer worries about inflation and more optimism about jobs and the economy.

The closely followed index rose 6.9 points — the first increase in three months — from 101.4 in November, the nonprofit Conference Board said Wednesday.

Economists polled by The Wall Street Journal forecast the index to rise to 101.2. …

Inflation expectations fell to the lowest level in a year, indicating consumers believe price pressures will continue to dissipate.