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 in December, but underlying inflation slowing
U.S. inflation data out Wednesday showed consumer prices ticked up more than expected in December amid higher gas prices. The Labor Department's consumer price index rose 0.4% last month, slightly more than economists polled by Reuters had expected,
Fed, Inflation
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Inflation increased by 2.9% in December 2024, marking three consecutive monthly rises. Mountain West states had the lowest ...
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
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14hon MSN
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Consumer prices rose 2.9% in December from a year earlier, marking the third consecutive monthly uptick in annual inflation.
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
Gold prices rose, boosted by a softer dollar and concerns over the impact of potential U.S. trade tariffs on inflation after Trump takes office and traders await U.S. inflation data for more cues on ...
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