CPI report shows inflation rose to 5-month high in December

10 hours ago · Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.

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CPI Inflation Ticked Up To 2.9% In December—Highest Since July …

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10 hours ago · Headline inflation was 2.9% in December, according to year-over-year changes in the Bureau of Labor Statistics’ consumer price index, the most commonly cited measure of …

forbes.com

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CPI Edged Higher In December, Complicating The Fed's ... - CBS News

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1 hour ago · Inflation rose 2.9% on an annual basis in December, with the latest Consumer Price Index illustrating the Federal Reserve's challenge in battling stickier-than-expected price …

cbsnews.com

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Inflation Edged Up Again Last Month | CNN Business

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10 hours ago · Economists were expecting inflation to pick up 0.3% from November and notch a 2.8% annual increase, primarily due to expectations around higher energy and food prices. …

cnn.com

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CPI: Egg Prices Surge As US Inflation Picks Up - BBC

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Energy prices accounted for more than 40% of the rise in inflation last month, according to the monthly report. It also showed egg prices shot up more than 36% compared with 2023, as a …

bbc.com

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US Core CPI Finally Eases, Rallying Bets For Fed To Cut Sooner

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10 hours ago · US Core CPI Finally Eases, Rallying Bets for Fed to Cut Sooner CPI minus food, energy rose 0.2%, less than median forecast Hotel stays, tame rent increases help restrain …

bloomberg.com

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U.S. Inflation Higher Than Expected In December As Food And …

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Jan 12, 2024 · The Consumer Price Index grew at an annual rate of 3.4%, according to the latest report from the Labor Department, a 0.3% rise from the 3.1% annual inflation in November, …

cbsnews.com

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Inflation In December: CPI Increased 2.9% As Expected - Business …

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10 hours ago · US inflation continued to heat up at the end of 2024. The consumer price index rose by 2.9% year over year in December, above November's 2.7% rate.

businessinsider.com

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US Inflation Picked Up In December, Though Underlying Price …

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15 hours ago · Many economists and investors are worried that inflation has gotten stuck above the Fed’s 2% target, after a steady decline in prices in 2023 and for much of last year.

newstimes.com

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Inflation Ticks Up To 2.9%, But Underlying Price Gains Are Muted

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10 hours ago · Markets cheered a December inflation report that suggested underlying price pressures are easing, but the Federal Reserve still isn’t likely to cut interest rates anytime …

wsj.com

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Inflation Ticked Up In November As Expected - Business Insider

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Dec 11, 2024 · In November, inflation ticked up once again. The consumer price index increased 2.7% from a year ago as expected, higher than October's 2.6% rate and the highest reading …

businessinsider.com

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Core CPI Inflation Stuck Above 3%, But Fed Rate-Cut Odds Rise

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Nov 13, 2024 · The 12-month CPI inflation rate ticked up to 2.6% from 2.4%, in line with estimates. The core CPI, which strips out volatile food and energy prices, rose 0.3% vs. …

investors.com

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CPI Report Keeps The Fed On Track: What The Experts Are

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6 hours ago · On an annual basis, headline CPI rose 2.9%, according to the Bureau of Labor Statistics. Although inflation accelerated on a year-over-year basis, the print comported with …

kiplinger.com

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U.S. Inflation Likely Remained High In December 2024 - Fast Company

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7 hours ago · The Labor Department's December report is expected to show that the consumer price index rose 2.8% from a year ago.

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FAQs about CPI report shows inflation rose to 5-month high in December Coupon?

Are December inflation reports more important than December growth reports?

This week’s December inflation reports are likely to be more important for markets and Fed expectations than December growth reports. The December Consumer Price Index and Producer Price Index inflation reports are likely to show modest month-on-month pressures, with a risk of accelerating year-on-year CPI and core CPI rates. ...

Did consumer inflation come in hotter than expected in December?

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 Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. On a monthly basis, prices rose by 0.4%. ...

Did inflation rise a bit in December?

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 2.9% in December from a year ago, the highest since July, up from 2.7% in November. ...

How much has the consumer price index increased over the year?

The consumer price index, an inflation measure, increased 2.9% over the year this past December. That matches the forecast increase and is above November's year-over-year increase of 2.7%. While the 2.9% is the highest rate since July, it falls short of the roughly 3.1% in January 2024. ...

What did the 12-month CPI inflation rate look like?

The 12-month CPI inflation rate ticked up to 2.6% from 2.4%, in line with estimates. The core CPI, which strips out volatile food and energy prices, rose 0.3% vs. September levels, as expected. The 12-month core CPI inflation rate held at 3.3%, also as expected. ...

How much did inflation rise in September?

It was the first rise in annual inflation in seven months. From September to October, prices edged up 0.2%, the same as the previous month. Excluding volatile food and energy costs, “core” prices rose 3.3% from a year earlier, just as in September. From September to October, core prices rose 0.3% for a third straight month. ...