Inflation rises 2.9% in December, in line with expectations
The Labor Department released the inflation report for December, which showed prices were up 2.9% from a year ago, in line with economists expectations and up from 2.7% in November.
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.
Euro Area annual inflation upticks to 2.4% in December
The inflation rate in the Euro Area increased to 2.40% in December from 2.20% in November, matching consensus. The Consumer Price Index rose 0.40% in December over the previous month. The annual core inflation rate in the Euro Area,
Eurozone Inflation Confirmed At 2.4%
Eurozone inflation rose to a five-month high in December, as initially estimated, final data from Eurostat showed on Friday. The
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.
European Equities Rise in Friday Trading, Euro Area Inflation Stood at 2.4% in December 2024
The European stock markets rose Friday as the Stoxx Europe 600 climbed 0.69%, Germany's DAX 40 nudged up 1.20%, the FTSE 100 in London advanced 1.35%, France's CAC 40 was up 0.98%, and the Swiss Market Index gained 0.
German inflation confirmed at 2.6% in December
German inflation rose to 2.6% year-on-year in December, authorities said on Thursday, confirming an earlier estimate. The figure, released by the Federal Statistical Office, was up from 2.2% in November and represented the second-highest monthly rate in 2024,
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),
Gold Rallies As December Inflation Prompts Unease
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 ...
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.
Inflation may have heated up in December
Inflation probably picked up in late 2024, fueled by robust household spending amid a strong economy. A key gauge of ...
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 ...
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.
Investors cheered December's inflation data. Experts say US economy is not 'out of the woods' yet.
December's CPI print finally showed some relief in core inflation. But the threat of sticky prices is still a reality for ...
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 ...
Core CPI rises less than forecast as inflation pressures ease slightly in December
A key inflation metric eased for the first time since July as investors debate the Federal Reserve's next interest rate ...
Israel inflation eases in December for 3.2% rate in 2024
Israel's inflation eased more than expected in December to end 2024 at a rate of 3.2% versus 3.0% in 2023, according to data ...
The latest inflation data puts the US economy back in the 'Goldilocks' zone
The latest inflation report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street ...