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.
US consumer prices rise in December, but underlying inflation slowing
U.S. inflation data out Wednesday showed consumer prices ticked up more than expected in December amid higher gas prices. The Labor Department's consumer price index rose 0.4% last month, slightly more than economists polled by Reuters had expected,
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
Inflation crept up again in December, driven mostly by a jump in energy prices, according to the latest Consumer Price Index ...
8hon MSN
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
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