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.
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
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 ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
A key inflation metric eased for the first time since July as investors debate the Federal Reserve's next interest rate ...
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
Inflation increased by 2.9% in December 2024, marking three consecutive monthly rises. Mountain West states had the lowest ...
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