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.
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 ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Inflation probably picked up in late 2024, fueled by robust household spending amid a strong economy. A key gauge of ...
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December's CPI print finally showed some relief in core inflation. But the threat of sticky prices is still a reality for ...
The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers ...
U.S. inflation accelerated last month as prices for gas, eggs and used cars rose, yet underlying price pressures also showed ...
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 report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street ...
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