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.
Markets cheered a December inflation report that suggested underlying price pressures are easing, but the Federal Reserve ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped ...
Core inflation, which strips out the direct impact of volatile energy and food prices is now at a four-year low, having ...
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees continued improvement in inflation and is optimistic ...
The outgoing Biden Administration has made resources available to help individuals navigate the Inflation Reduction Act's ...
A fter several months of hopeful signs in the battle against inflation, new data confirms that the fight is far from over.
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