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.
Inflation heated up in December, as prices continue to weigh on Americans
The consumer price index increased by 2.9 percent in December from a year earlier, the Labor Department reported Wednesday, in line with economists’ expectations and hotter than a 2.7 percent rise in November. It was also above a 2.6 percent annual increase in October.
With "inflation back to trend," Federal Reserve Governor Christopher Waller said Thursday he sees the possibility of three or ...
Mortgage rates have experienced fluctuations over the last few months, with a general upward trend in recent weeks. As of ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, ...
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is ...
In the wake of Wednesday's official report on consumer prices, three officials who set the nation's monetary policy said they ...
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
The outgoing Biden Administration has made resources available to help individuals navigate the Inflation Reduction Act's ...
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