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,
The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers ...
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 ...
Inflation ended 2024 by moving slightly higher. The U.S. Bureau of Labor Statistics reports a 0.4% increase in the Consumer ...
Consumer inflation increased 2.9% in 2024, which is above the Federal Reserve's goal of 2%, but wages overall more than kept ...
The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose ...
Energy costs jumped in December, with the acceleration accounting for 40% of the total increase in the consumer price index ...
The price of eggs is soaring again, mainly due to the latest outbreak of bird flu. The virus has infected flocks in all 50 ...
Axios on MSN1d
Inflation shows signs of easing again, per December CPIThe Consumer Price Index ticked up by 0.4% in December, but a measure that excludes food and energy prices slowed for the ...
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