US consumer prices post largest gain in nine months; underlying inflation slowing
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.
US consumer prices rise in December, but underlying inflation slowing
U.S. inflation data out Wednesday showed consumer prices ticked up more than expected in December amid higher gas prices. The Labor Department's consumer price index rose 0.4% last month, slightly more than economists polled by Reuters had expected,
Recently, progress on inflation appeared to be stuck or, at worst, reversing: A closely watched gauge of underlying price ...
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ...
The consumer price index, the cost shoppers pay for a wide range of goods and services, rose faster than expected in December ...
Consumer inflation increased 2.9% in 2024, which is above the Federal Reserve's goal of 2%, but wages overall more than kept ...
The USDA projected that New York’s average egg price would stay high at $4.80 in the early part of the year, but gradually ...
The U.S. consumer prices report released this week revealed a less-than-expected increase in December, signaling a potential ...
The consumer price index is a weighted average collection of the prices of common goods and services. Changes in the CPI over time are used to estimate the rate of inflation. The consumer price ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
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