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.
Consumer price inflation, UK: December 2024
The annual inflation rate for housing and household services was 6.0% in December 2024, up from 5.8% in November. This compares with a recent peak of 11.8% observed in January and February 2023. On a monthly basis, prices rose by 0.4% in December 2024, compared with a rise of 0.3% a year ago.
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,
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
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A jump in energy prices was primarily responsible for the increase in the overall CPI, especially energy commodities (fuel ...
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We knew that today's Consumer Price Index (CPI) was a hotly anticipated economic report that at least had the potential to ...
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 ...
A Labor Department report showed the Consumer Price Index (CPI) rose 2.9 per cent on an annual basis in December 2024, the ...
Follow here to see if Wall Street stocks can rebound after a tough start to the year amid surging Treasury yields ...
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