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 is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
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 rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...
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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