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Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased. Inflation rose to 5-month high in December.
Inflation Rises 2.9% In December, In Line With Expectations. Energy prices were flat in July, then posted declines of 0.8% and 1.9% in August and September, respectively, before flattening out in ...
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.
Some likely one-time price spikes pushed up overall inflation, with gas prices jumping 4.4% just in December. Prices at the pump have risen by much less since then, moving up 7 cents on Wednesday ...
In the 12 months through December, the so-called core inflation advanced 2.8% after increasing 2.8% in November. The Fed has forecast only two rate cuts this year, down from the four it had ...
The U.S. Bureau of Labor Statistics on Wednesday released its Consumer Price Index, a key marker of inflation, which jumped 0.4% in December, part of a 2.9% increase over the last year. The higher ...
Prior to December's print, core CPI had been stuck at a 3.3% annual gain for the past four months. It was the first time since July that year-over-year core CPI saw a deceleration in price growth.
When removing the volatile food and energy categories, "core" inflation fell to an annual rate of 3.9% from 4.0% the month prior. Economists surveyed by Bloomberg had expected core inflation of 3.8%.