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.
A fter several months of hopeful signs in the battle against inflation, new data confirms that the fight is far from over.
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
US consumer inflation rose for a third straight month in December as energy prices rose, according to government data ...
The dollar slipped on Thursday to stand just off recent peaks as cooling U.S. inflation data knocked down bond yields, while ...
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped ...
Shelter costs were 4.6% higher in December than a year earlier, and they account for more than a third of the consumer price ...
Japan's annual wholesale inflation held steady at 3.8% in December on stubbornly high food costs, data showed on Thursday, ...
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