US consumer prices post largest gain in nine months; underlying inflation slowing
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.
US consumer prices rise in December, but underlying inflation slowing
U.S. inflation data out Wednesday showed consumer prices ticked up more than expected in December amid higher gas prices. The Labor Department's consumer price index rose 0.4% last month, slightly more than economists polled by Reuters had expected,
While the overall consumer price index rose, the core measure that omits food and energy costs was below estimates.
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ...
Scripps News on MSN17h
Consumer inflation rose 2.9% in 2024 as US lost some progress near end of yearConsumer inflation increased 2.9% in 2024, which is above the Federal Reserve's goal of 2%, but wages overall more than kept ...
Consumer inflation data came in slightly hotter than expected in December. Consumer prices were up 2.9% for the 12 months ended in December as compared to 2.7% in November, according to the latest ...
With all of the holiday dining last month, inflation around groceries and dining out didn’t exactly tumble back to the low ...
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America economists.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback