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.
The latest inflation report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street ...
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
U.S. presidential election, the Democrats joined a slew of governments voted out in the past year in the wake of high ...
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ...
Inflation increased by 2.9% in December 2024, marking three consecutive monthly rises. Mountain West states had the lowest ...
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