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.
Markets cheered a December inflation report that suggested underlying price pressures are easing, but the Federal Reserve ...
The fresh data arrives after a jobs report last week showed stronger-than-expected hiring in December, which sent the stock ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped ...
TOKYO (AP) — Asian shares mostly rose Thursday, following a rally on Wall Street driven by encouraging update on U.S.
Japan's annual wholesale inflation held steady at 3.8% in December on stubbornly high food costs, data showed on Thursday, ...
The dollar was trading flat as it recovered some ground after falling on Wednesday's lower-than-expected U.S. core inflation ...
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