US Inflation Rises to 2.9% in December, as Gas and Egg Prices Drive Uptick
The consumer price index (CPI) rose 2.9 percent year-over-year in December, the largest annual increase since July. When stripping out the more volatile food and energy sectors, core inflation slowed to 3.2 percent, from 3.3 percent.
Inflation heated up in December, as prices continue to weigh on Americans
The consumer price index increased by 2.9 percent in December from a year earlier, the Labor Department reported Wednesday, in line with economists’ expectations and hotter than a 2.7 percent rise in November. It was also above a 2.6 percent annual increase in October.
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
The fresh data arrives after a jobs report last week showed stronger-than-expected hiring in December, which sent the stock ...
Bets on lower borrowing costs were also bolstered by inflation news coming out of the US, where data suggested the underlying ...
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to ...
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
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