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.
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts.
The December Consumer Price Index report showed that overall inflation rose last month, driven largely by a spike in energy prices. But under the hood, a moderation in core inflation offers some ...
The consumer price index (CPI) rose 2.9 percent year-over-year in December, the largest annual increase since July. When ...
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and energy prices.
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much ...
December's CPI print finally showed some relief in core inflation. But the threat of sticky prices is still a reality for ...
Nigeria's inflation rate rose for the fourth straight month in December, advancing to 34.80% in annual terms from 34.60% in ...
Japan’s consumer price growth picked up in December, adding to evidence of steady inflation just hours before the central ...
How much has rising inflation since 2020 cost you? While Iowans need to spend more to maintain their standard of living, ...