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.
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
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 ...
Wednesday's inflation report doesn't do much to change the outlook for a Federal Reserve that was already taking a break from cutting interest rates. Higher food and gas prices in December drove the ...
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