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.
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.
US inflation picked up in December but underlying price pressures eased
U.S. inflation accelerated last month as prices for gas, eggs, and used cars rose, yet underlying price pressures also showed signs of easing, bolstering hopes that the Federal Reserve could still cut its key interest rate this year.
US consumer inflation rises December but underlying pressures ease
US consumer inflation rose for a third straight month in December as energy prices jumped but a widely-watched measure eased slightly, raising hopes that underlying inflation may be moderating.
US Consumer Inflation Rises To 2.9 Percent In December
US consumer inflation rose for a third straight month in December as energy prices rose, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.
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 ...
Inflation revival persists as market risk despite CPI-fueled rally
A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, ...
New inflation reading likely keeps the Fed on pause for now
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
Bitcoin rebounds to $100,000 as inflation data puts Fed rate cuts ‘back on the table’
Bitcoin has changed direction after weeks of retreat during which crypto investors dumped risky assets. The cryptocurrency ...
CPI Inflation Ticked Up To 2.9% In December—Highest Since July As Economists Note Stalling Progress
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
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Rising Energy Costs Push Inflation Up Again. Ways You Can Save This Winter
Inflation crept up again in December, driven mostly by a jump in energy prices, according to the latest Consumer Price Index ...
Inflation report shows upsurge days before Trump takes office
The fresh data arrives after a jobs report last week showed stronger-than-expected hiring in December, which sent the stock ...
Opportunities For Business Owners In The Inflation Reduction Act
The outgoing Biden Administration has made resources available to help individuals navigate the Inflation Reduction Act's ...
US consumer prices post largest gain in nine months; underlying inflation slowing
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to ...
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.
Chicago Fed President Sees Promising Progress on Inflation. Here’s What He’s Concerned About.
Chicago Federal Reserve President Austan Goolsbee, however, pointed out several uncertainties and risks loom on the horizon.