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.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...
Gold futures soared on the back of yesterday’s December CPI data, climbing by $29.50 to settle at $2,722.60 for the most ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
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December's CPI print finally showed some relief in core inflation. But the threat of sticky prices is still a reality for ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The inflation rate in the Euro Area increased to 2.40% in December from 2.20% in November, matching consensus. The Consumer ...
The latest inflation report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street ...
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