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Energy and food prices drove inflation
US inflation picked up in December but underlying price pressures eased
U.S. inflation picked up last month as prices rose for gas, eggs, and used cars, yet underlying price pressures also showed signs of easing a bit. Wednesday’s report from the Labor Department showed that the consumer price index rose 2.
Energy and food prices drove inflation in December
The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers of stubborn inflation experienced by consumers.
Consumer Prices Rise on Higher Energy and Food Costs
While the overall consumer price index rose, the core measure that omits food and energy costs was below estimates.
Inflation, CPI
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.
United States key inflation rises 2.9% in December, core CPI at 3.2%
A Labor Department report showed the Consumer Price Index (CPI) rose 2.9 per cent on an annual basis in December 2024, the highest since last July
Core CPI rises less than forecast as inflation pressures ease slightly in December
A key inflation metric eased for the first time since July as investors debate the Federal Reserve's next interest rate decision.
Stocks Follow Wall St
Stock market today: Wall Street rips higher after inflation data and strong bank profits
World stocks are mixed follow Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of the Federal Reserve’s rate cuts.
Rupee to inch up on dollar pullback before US inflation data
The Indian rupee is likely to open marginally higher on Wednesday as the dollar retreats in the lead up to U.S. inflation data that will give cues on the direction of U.S. interest rates. The 1-month non-deliverable forward indicated that the rupee will open at 86.
Stocks Follow Wall St Higher On Welcome US Inflation Data
Markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year.
9h
Inflation Ticks Up to 2.9%, but Underlying Price Gains Are Muted
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
1d
on MSN
Consumer price growth rose in December, a sign Trump will inherit stubborn inflation as he takes office
President-elect Donald Trump will re-enter the White House next week against a more challenging economic backdrop than when ...
13h
US inflation picks up pace for 3rd month in December
Overall inflation in the United States accelerated for the third-straight month in December. But the core consumer price ...
1d
on MSN
Inflation rose to 5-month high in December. What that 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 ...
19h
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.
Foreign Affairs
1d
The Governments That Survived Inflation
U.S. presidential election, the Democrats joined a slew of governments voted out in the past year in the wake of high ...
10h
on MSN
Binance BTC open interest jumps $500M hours after ‘favorable’ US inflation data
CryptoQuant contributor Burakkesmeci said the crypto market experienced a “strong rally” as US inflation data “painted a ...
17h
on MSN
Inflation inches up in final 2024 reading
Inflation increased by 2.9% in December 2024, marking three consecutive monthly rises. Mountain West states had the lowest ...
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