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 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 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.
Israel inflation eases in December for 3.2% rate in 2024
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 on Wednesday from the Central Bureau of Statistics that could entice policymakers to start reducing interest rates soon.
Inflation rises for third month to 2.9% in December. What it 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.
United States key inflation rises 2.9% in December, core CPI at 3.2%
A Labor Department report showed the Consumer Price Index (CPI) rose 2.9 per cent on an annual basis in December 2024, the highest since last July
December inflation report shows a rise of 0.4% month over month
The December inflation report shows that inflation rose by 0.4% month over month and 2.9% year over year. NBC News' Brian Cheung and Editor-in-Chief at Investopedia Caleb Silver break down the latest economic data.
Inflation up 2.9% year-over-year in latest CPI report
The latest consumer price index report shows inflation rose 2.9% year-over-year in December, marking three months of consecutive increases. Experts are warning of delays in interest rate cuts and possibly even rate hikes.
Inflation report shows upsurge days before Trump takes office
An inflation report to be released on Wednesday will provide an update on the issue raised by many Americans as their top ...
New inflation reading likely keeps the Fed on pause for now
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
Here's the inflation breakdown for December 2024 — in one chart
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
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 ...
CPI Inflation Ticked Up To 2.9% In December—Highest Since July As Economists Note Stalling Progress
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
CPI Report: Inflation Ticked Up; Core Price Growth Slowed
The Bureau of Labor Statistics released the consumer price index report for December earlier today. What the inflation data ...
Stock market today: Dow, S&P 500, Nasdaq soar as inflation cools, bank earnings shine
The 10-year Treasury yield ( ^TNX) dropped over 12 basis points to trade around 4.66% after the cooler-than-expected reading.
Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is ...
Stocks surge after softer US inflation, upbeat fourth quarter earnings
Global shares jumped and the dollar fell on Wednesday, after data showed core U.S. inflation rose less than expected in ...