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.
A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, ...
Mortgage rates have experienced fluctuations over the last few months, with a general upward trend in recent weeks. As of ...
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
These are today's mortgage and refinance rates. Mortgage rates are down slightly thanks to new CPI data, which showed a ...
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make ...
The outgoing Biden Administration has made resources available to help individuals navigate the Inflation Reduction Act's ...
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees continued improvement in inflation and is optimistic ...
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this ...
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