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.
US consumer prices post largest gain in nine months; underlying inflation slowing
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.
The latest Consumer Price Index (CPI) figures for December have rattled markets, throwing the Federal Reserve’s inflation ...
The better-than-expected data sent the blue-chip Dow Jones Industrial Average surging more than 700 points, or 1.7%, as ...
US producer inflation rose less than analysts expected in December, according to government data released Tuesday, on the back of cooler food costs.
The number of Americans filing new applications for unemployment benefits increased more than expected last week, but ...
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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