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.
US inflation still slowing as producer prices rise below expectations in December
U.S. producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend after progress had stalled in recent months.
The latest Consumer Price Index (CPI) figures for December have rattled markets, throwing the Federal Reserve’s inflation ...
The better-than-expected data sent the blue-chip Dow Jones Industrial Average surging more than 700 points, or 1.7%, as ...
The number of Americans filing new applications for unemployment benefits increased more than expected last week, but ...
The latest inflation report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street ...
The cost of living in the Valley has soared sharply over the last five years, but according to the latest data from the U.S.
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