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.
An inflation report to be released on Wednesday will provide an update on the issue raised by many Americans as their top ...
US stocks jumped at the open after consumer price data showed inflation continues to slow. Strong bank earnings also helped ...
Core inflation, which strips out the direct impact of volatile energy and food prices is now at a four-year low, having ...
Japan's annual wholesale inflation held steady at 3.8% in December on stubbornly high food costs, data showed on Thursday, ...
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
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