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.
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
Inflation increased by 2.9% in December 2024, marking three consecutive monthly rises. Mountain West states had the lowest ...
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
14hon MSN
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
Consumer prices rose 2.9% in December compared to a year ago, ticking up from the previous month and extending a resurgent ...
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ...
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