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.
December inflation report shows a rise of 0.4% month over month
The December inflation report shows that inflation rose by 0.4% month over month and 2.9% year over year. NBC News' Brian Cheung and Editor-in-Chief at Investopedia Caleb Silver break down the latest economic data.
Irish annual inflation rises to 1.4% in December
Irish inflation rose to an annual rate of 1.4% in December after a reading of 1% in November, Central Statistics Office data showed on Thursday.
Inflation accelerated as expected in December
US inflation continued to heat up at the end of 2024. The consumer price index rose by 2.9% year over year in December, above November's 2.7% rate.
Energy and food prices drove inflation in December
The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers of stubborn inflation experienced by consumers.
Japan's wholesale inflation steady at 3.8% in December
Japan's wholesale prices rose 3.8% in December from a year earlier, central bank data showed on Thursday, highlighting persistent inflationary pressure from rising raw material costs. The rise in the corporate goods price index (CGPI),
CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
December Retail Sales Expected to Shine After a Strong Holiday Season
December’s retail sales report could be a bright spot for the economy, rounding out a surprisingly solid holiday season. By ...
Inflation Ticked Up To 2.9% In December As Expected—Highest Since July
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
Inflation rose to 5-month high in December. What that means for Fed rate cuts.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...
US inflation picked up in December but underlying price pressures eased
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
Core consumer prices rose 0.2% in December, below expectations
The consumer price index, the cost shoppers pay for a wide range of goods and services, rose faster than expected in December ...
Inflation Sped Up in December, a Fresh Challenge for the Fed
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Here's the inflation breakdown for December 2024 — in one chart
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...