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.
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.
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.
PPI shows wholesale inflation increased less than expected in December
Wholesale prices rose less than expected in December, a positive sign for the economy amid recent market fears that inflation isn't falling as quickly as hoped to the Federal Reserve's 2% target.
New York Fed survey finds mixed inflation expectations in December
U.S. consumers' outlook on the expected path of inflation was mixed in December amid rising worries about households' ability to make debt payments, a survey by the New York Federal Reserve showed on Monday.
UK Inflation Moderates In December
UK consumer price inflation moderated unexpectedly in December, the Office for National Statistics said on Wednesday. The consumer
Inflation eased in December, Consumer Price Index shows
Inflation resumed a cooling trend after a months-long interruption, offering some relief for economic policymakers who are worried President-elect Trump's agenda might ignite price pressures. Officials at the Federal Reserve have projected fewer interest rate cuts in 2025 than previously estimated on the back of stickier inflation.
US Producer Inflation Cooler Than Expected In December
US producer inflation rose less than analysts expected in December, according to government data released Tuesday, on the back of cooler food costs.
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 ...
CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Inflation Sped Up in December, a Fresh Challenge for the Fed
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
December Jobs Report: Labor Market Grew Faster Than Expected As Unemployment Clocks In At 4.1%
Friday’s jobs report was “even more important” than normal as the market adjusts its assessment of the direction of the ...
Economy adds 256,000 jobs in December as hiring picked up toward the end of 2024
The U.S. labor market added 256,000 jobs in December, a strong showing at the end of 2024, as the labor market revved up ...
December monthly border encounters decrease to lowest daily average since July 2020: DHS
Daily encounters in December along the southwest border were the lowest average since July 2020, according to the Department ...
India's December merchandise trade deficit at $21.94 billion
India's merchandise trade deficit in December stood at $21.94 billion, according to a Reuters calculation based on export and ...
UK inflation unexpectedly eases in December, which could reduce pressure in bond markets
Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut ...