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.
Entering 2025, models from forecasting companies like Trading Economics anticipate inflation rates between 2.4% and 2.9% ...
Mortgage rates have experienced fluctuations over the last few months, with a general upward trend in recent weeks. As of ...
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
The latest inflation report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street ...
A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, ...
The Federal Reserve has now battled high inflation for nearly four years. Economists point to the Federal Reserve's rate cuts ...
President Biden discussed the economy in the last interview of his administration on MSNBC’s “The Last Word with Lawrence ...
Brazil's Finance Minister Fernando Haddad said on Friday that high interest rates are poised to have a much stronger effect ...
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