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.
US inflation picks up pace for 3rd month in December
Overall inflation in the United States accelerated for the third-straight month in December. But the core consumer price index increased slightly less than expected, raising the prospect of another interest-rate cut.
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.
Inflation rose to 5-month high in December. What that means for Fed rate cuts.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.
Inflation heated up in December, as prices continue to weigh on Americans
Inflation picked up in late 2024, fueled by an increase in gas prices, the latest sign of stalled improvement on lowering prices as President-elect Donald Trump prepares to take office. The consumer price index increased by 2.
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 of stubborn inflation experienced by consumers.
Inflation Rose in December, Putting Rate Cuts Into Question
U.S. inflation picked up last month as prices rose for gas, eggs, and used cars, yet underlying price pressures also showed signs of easing a bit. Wednesday’s report from the Labor Department showed that the consumer price index rose 2.
U.S. inflation picked up in December, though underlying price pressures ease slightly
Excluding the volatile food and energy categories, so-called core inflation declined to 3.2%, after remaining stuck at 3.3% for three months in a row.
Inflation Rises Again, Hitting 2.9% in December
U.S. inflation picked up last month as gas prices rose sharply, though price gains for other goods were more muted.
Inflation accelerated as expected in December
US inflation continued to heat up at the end of 2024. The consumer price index rose by 2.9% year over year in December, above November's 2.7% rate.
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 ...
Inflation Ticks Up to 2.9%, but Underlying Price Gains Are Muted
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
Inflation speeds up, ends 2024 at 2.9 percent
Inflation picked up speed in December as the U.S. economy showed unexpected signs of strength at the end of 2024. The ...
Consumer price growth rose in December, a sign Trump will inherit stubborn inflation as he takes office
President-elect Donald Trump will re-enter the White House next week against a more challenging economic backdrop than when ...
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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 ...
Inflation inches up in final 2024 reading
Inflation increased by 2.9% in December 2024, marking three consecutive monthly rises. Mountain West states had the lowest ...