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 fresh data arrives after a jobs report last week showed stronger-than-expected hiring in December, which sent the stock ...
Mortgage rates have experienced fluctuations over the last few months, with a general upward trend in recent weeks. As of ...
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped ...
(Reuters) -Indian shares opened higher on Thursday, tracking other Asian peers, after underlying U.S. inflation softened in ...
Shelter costs were 4.6% higher in December than a year earlier, and they account for more than a third of the consumer price ...
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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