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.
Mortgage rates have experienced fluctuations over the last few months, with a general upward trend in recent weeks. As of ...
A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
2hon MSN
Wall Street looked set to recover after US banks posted impressive earnings, and inflation data was better than expected.
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
Shelter costs were 4.6% higher in December than a year earlier, and they account for more than a third of the consumer price ...
The outgoing Biden Administration has made resources available to help individuals navigate the Inflation Reduction Act's ...
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
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