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 relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, ...
2hon MSN
Wall Street looked set to recover after US banks posted impressive earnings, and inflation data was better than expected.
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
U.S. shares and bond prices held on to their inflation-inspired gains from the previous session on Thursday as traders ...
In the wake of Wednesday's official report on consumer prices, three officials who set the nation's monetary policy said they ...
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
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 firmed near one-month highs hit earlier on Thursday after a softer-than-expected core U.S. inflation print ...
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