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.
In the wake of Wednesday's official report on consumer prices, three officials who set the nation's monetary policy said they ...
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees continued improvement in inflation and is optimistic ...
Inflation picked up speed in December as the U.S. economy showed unexpected signs of strength at the end of 2024. The ...
Donald Trump's policies are not likely to cause inflation to reignite as many analysts fear, one of the president-elect's ...
U.S. presidential election, the Democrats joined a slew of governments voted out in the past year in the wake of high ...
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
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