AFP on MSN2d
US consumer inflation rises in December but underlying pressures ease
US consumer inflation rose for a third straight month in December as energy prices jumped but a widely watched measure eased slightly, raising hopes that underlying inflation may be moderating.One of the biggest drivers of inflation in December was the energy index,
The Floridian1d
Biden Set to Depart the White House With a Gloomy December Consumer Price Index Report
President Joe Biden is facing renewed criticism for his economic policies following the recently released Consumer Price Index’s (CPI) December 2024 report.
CPI accelerates in December, as expected; core CPI surprises lower
Excluding food and energy, core CPI gained 0.2% from a month earlier, after increasing 0.3% in each of the previous four months. The latest print slightly trailed the +0.3% consensus and the prior month's +0.3%. The core measure's Y/Y rise of 3.2% inched down from 3.3% in November and fell short of the +3.3% consensus.