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.
A Labor Department report showed the Consumer Price Index (CPI) rose 2.9 per cent on an annual basis in December 2024, the ...
Consumer inflation data came in slightly hotter than expected in December. Consumer prices were up 2.9% for the 12 months ended in December as compared to 2.7% in November, according to the latest ...
The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose ...
Consumer price growth ticked up in December, a sign President-elect Donald Trump will inherit the inflation issues that ...
The Bureau of Labor Statistics released the consumer price index report for December earlier today. What the inflation data ...
U.S. government debt aggressively rallied after the monthly core inflation reading from Wednesday’s consumer-price index came in softer than expected, handing yields their biggest one-day declines ...
Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America economists.
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