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.
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to ...
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Bets on lower borrowing costs were also bolstered by inflation news coming out of the US, where data suggested the underlying ...
US stocks jumped at the open after consumer price data showed inflation continues to slow. Strong bank earnings also helped ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Japan's annual wholesale inflation held steady at 3.8% in December on stubbornly high food costs, data showed on Thursday, ...
U.S. stock futures were rising Thursday after a surprise cooldown in a key inflation measure appeared to boost the chances ...
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