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.
Wednesday’s report from the Labor Department showed that the consumer price index rose 2.9 percent in December from a year ...
Core Consumer Price Inflation (CPI) dropped to 3.2% in December, with the headline reading of 2.9% as expected, helping to ...
A gauge of wholesale inflation rose 0.2% in December from November, a softer reading than economists expected and a slowdown ...
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
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 ...
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