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.
US consumer prices rise slightly above expectations in December
U.S. consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...
6hon MSN
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The benchmark U.S. 10-year Treasury yield (US10Y) on Wednesday was on track to post its biggest single-day drop since early ...
Daily encounters in December along the southwest border were the lowest average since July 2020, according to the Department ...
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