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.
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
The December inflation report shows that inflation rose by 0.4% month over month and 2.9% year over year. NBC News' Brian ...
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A gauge of wholesale inflation rose 0.2% in December from November, a softer reading than economists expected and a slowdown ...
Irish inflation rose to an annual rate of 1.4% in December after a reading of 1% in November, Central Statistics Office data ...
Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
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