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.
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to ...
The fresh data arrives after a jobs report last week showed stronger-than-expected hiring in December, which sent the stock ...
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The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
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