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.
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.
Energy and food prices drove inflation in December
The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers of stubborn inflation experienced by consumers.
U.S. inflation picked up in December, though underlying price pressures ease slightly
Excluding the volatile food and energy categories, so-called core inflation declined to 3.2%, after remaining stuck at 3.3% for three months in a row.
FBI closed DEI office in December, agency says
The FBI confirmed to Fox News Digital that the agency closed its office of Diversity, Equity and Inclusion in December.
December Retail Sales Missed Expectations. Holiday Sales Were Still Solid.
Retail sales gained 0.4% in December from November, slightly below projections for a 0.5% increase, according to FactSet.
US import prices remain tame in December
U.S. import prices barely rose for a third straight month in December as a surge in the costs of fuels ad foods was offset by ...
U.S. Consumers Couldn’t Keep Up Their Surprise Streak in December
Retail sales were higher in December, but they didn’t come in ahead of economist estimates. This broke a six-month streak of ...
Inflation Ticked Up To 2.9% In December As Expected—Highest Since July
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
Canadian housing starts fall 13% in December -CMHC
Canadian housing starts fell 13% in December compared with the previous month as groundbreaking decreased on multiple unit ...
CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Core consumer prices rose 0.2% in December, below expectations
The consumer price index, the cost shoppers pay for a wide range of goods and services, rose faster than expected in December ...
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 ...