Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that dogged the Biden administration as he re-takes the White House next week.

The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.

Consumer Price Index (CPI) indicates a 2.9% annual increase, up from 2.7% in November, aligning with market expectations.

The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and energy prices.

Inflation figures came in near as expected for December. Prices rose 0.4% percent and the year-over-year price index increased 2.9 percent. The U.S. Bureau of Labor Statistics issued the December Consumer Price Index on Wednesday morning. The consensus had been for a 0.4% gain for the month and a 2.9% increase year-over-year.

The consumer price index suggests that the jump in expectations for price gains might not be over, and tariffs won’t help

Both small business and corporate surveys indicate a rising tide of support for the future direction of the country under Donald Trump. However, there are just as many Americans who

Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.

Traders should keep watch on US Retail Sales data on Thursday, as it could increase volatility to Bitcoin price.

Consumer prices rose 2.9% in December from a year earlier, marking the third consecutive monthly uptick in annual inflation.

Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.

US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.