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.
US Consumer Inflation Rises In December But Underlying Pressures Ease
US consumer inflation rose for a third straight month in December as energy prices rose, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.
Energy and food prices drove inflation in December
The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers of stubborn inflation experienced by consumers.
U.S. inflation picked up in December, though underlying price pressures ease slightly
Excluding the volatile food and energy categories, so-called core inflation declined to 3.2%, after remaining stuck at 3.3% for three months in a row.
Inflation accelerated as expected in December
US inflation continued to heat up at the end of 2024. The consumer price index rose by 2.9% year over year in December, above November's 2.7% rate.
December Retail Sales Expected to Shine After a Strong Holiday Season
December’s retail sales report could be a bright spot for the economy, rounding out a surprisingly solid holiday season. By ...
Inflation Ticked Up To 2.9% In December As Expected—Highest Since July
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Core consumer prices rose 0.2% in December, below expectations
The consumer price index, the cost shoppers pay for a wide range of goods and services, rose faster than expected in December ...
US inflation picked up in December but underlying price pressures eased
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
Inflation rose to 5-month high in December. What that means for Fed rate cuts.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...
Inflation Sped Up in December, a Fresh Challenge for the Fed
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Israel inflation eases in December for 3.2% rate in 2024
Israel's inflation eased more than expected in December to end 2024 at a rate of 3.2% versus 3.0% in 2023, according to data ...
December jobs report: Big 256,000 gain fans inflation fears and Fed rate-cut doubts
The surprising 256,000 increase in new jobs in December and a declining unemployment rate is good news, but the latest ...
Chinese imports spiked in December, as US buyers tried to avoid Trump's proposed tariffs
Experts said a December surge in Chinese imports as anticipated tariff hikes pushed traders to accelerate shipments out of ...