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.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Experts said a December surge in Chinese imports as anticipated tariff hikes pushed traders to accelerate shipments out of ...
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Israel's inflation eased more than expected in December to end 2024 at a rate of 3.2% versus 3.0% in 2023, according to data ...
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...
December’s retail sales report could be a bright spot for the economy, rounding out a surprisingly solid holiday season. By ...
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback