Inflation rises for third month to 2.9% in December. What it means for Fed rate cuts.
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 Rises Again, Hitting 2.9% in December
U.S. inflation picked up last month as gas prices rose sharply, though price gains for other goods were more muted.
Inflation rises 2.9% in December, in line with expectations
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.
December inflation report shows a rise of 0.4% month over month
The December inflation report shows that inflation rose by 0.4% month over month and 2.9% year over year. NBC News' Brian Cheung and Editor-in-Chief at Investopedia Caleb Silver break down the latest economic data.
Inflation accelerated as expected in December
US inflation continued to heat up at the end of 2024. The consumer price index rose 2.9% year-over-year in December, above November's 2.7% rate.
Nigeria inflation rises for fourth month in a row in December
Nigeria's inflation rate rose for the fourth straight month in December, advancing to 34.80% in annual terms from 34.60% in November, data from the statistics agency showed on Wednesday.
US Consumer Inflation Rises To 2.9 Percent In December
US consumer inflation rose for a third straight month in December as energy prices rose, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.
Spain Inflation Rises As Estimated
Spain inflation accelerated in December, as initially estimated, on transportation cost, revised data from the statistical office INE
Nigeria's inflation rises to 34.8% due to the festive season
Nigeria’s inflation rate rose to 34.80 per cent in December, up from 33.60 per cent in November, according to the National Bureau of Statistics (NBS) released on Wednesday. ・Inflation rate in Nigeria rose to 34.
US inflation picked up in December, though underlying price pressures ease slightly
Wednesday’s report from the Labor Department showed that the consumer price index rose 2.9 percent in December from a year ...
December CPI: Inflation Ends 2024 In 'Red Zone' Yardage
Financial writer analyzes December CPI report showing inflation above target, speculates on future trajectory and Federal ...
Fed's preferred inflation gauge likely to show 2.8% core inflation in December: CapEcon and Pantheon Macro
Economists at Capital Economics and Pantheon Macroeconomics have crunched the numbers, and they have determined that this week's readings on wholesale and consumer-price inflation likely portend an ...
Inflation edged up again last month
Consumer inflation data came in slightly hotter than expected in December. Consumer prices were up 2.9% for the 12 months ended in December as compared to 2.7% in November, according to the latest ...
Core Inflation Reading Softer Than Expected
With energy and food inflation markedly stronger in December, the overall reading for the consumer price index surged last ...
Saudi Arabia's inflation slows slightly to 1.9% in December
Saudi Arabia's annual inflation rate fell slightly to 1.9% in December from 2% in November, according to government data ...
Consumer prices rose 2.9% in December, a sign Trump will inherit stubborn inflation as he takes office
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ...
December CPI report expected to show sticky inflation as investors recalibrate rate cut bets
December's Consumer Price Index will serve as the latest test of whether an inflation resurgence is a risk to the US economy ...