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.
Core inflation rate slows to 3.2% in December, less than expected
However, excluding food and energy, the core CPI annual rate was 3.2%, a notch down from the month before and slightly better than the 3.3% forecast. The core measure rose 0.2% on a monthly basis, also 0.1 percentage point less than expected.
Inflation may have heated up in December
Inflation probably picked up in late 2024, fueled by robust household spending amid a strong economy. A key gauge of inflation — the consumer price index — is expected to show Wednesday morning that prices rose by 2.9 percent in December from a year earlier, according to economists’ forecasts of data released by the Bureau of Labor Statistics.
Spain Inflation Rises As Estimated
Spain inflation accelerated in December, as initially estimated, on transportation cost, revised data from the statistical office INE
US Consumer Inflation Rises To 2.9% In December: Govt
US consumer inflation rose for a third straight month in December, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.
Spain's annual inflation rises to 2.8%, meeting estimates
Spain's annual inflation rate rose for the third month to 2.8% in December, the highest since July 2024, meeting estimates. This was mainly due to base effects and as transportation prices rebounded.
Wholesale price inflation rises to 2.37% in December
As per the data, inflation in food items eased to 8.47 per cent in December 2024, as against 8.63 per cent in November. Inflation in vegetable stood at 28.65 per cent, as against 28.57 per cent in November.
Egg prices surge as US inflation picks up
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US inflation picked up in December, though underlying price pressures ease slightly
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Stock market today: Dow, S&P 500, Nasdaq futures rise as bank earnings shine, inflation cools
A consumer inflation report could reset interest-rate bets, while big bank reports will kick off earnings season.
'Core' rate of inflation eases a bit, CPI shows. Fed and Wall Street get some breathing room.
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Stocks surge after softer US inflation, upbeat fourth quarter earnings
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Inflation Relief For the UK — And Rachel Reeves
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CPI Inflation Report: What to Expect—and How the Release Will Affect the Fed and Interest Rates
The Bureau of Labor Statistics is set to release the consumer price index report for December at 8:30 a.m. Eastern time on ...
CPI Inflation Ticked Up To 2.9% In December—Highest Since July As Economists Note Stalling Progress
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America ...