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 is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Experts said a December surge in Chinese imports as anticipated tariff hikes pushed traders to accelerate shipments out of ...
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...
Front-month gold futures surged to their largest gain in nearly a month, after U.S. core inflation data came in softer than ...
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