US EditionAnnual inflation hit 2.7 percent in December as food costs rose
Food prices rose 3.1% year-over-year and shelter costs increased 0.4% in December, keeping inflation steady above the Federal Reserve's 2% target, government data showed.
- On Tuesday, the Labor Department's Bureau of Labor Statistics said U.S. consumer prices rose 0.3% last month, and the 12-month inflation rate was 2.7%.
- A six-week government shutdown suspended price-collection and prevented calculation of some October yearly figures, forcing the Bureau of Labor Statistics to use carry-forward rental estimates and November data collection with holiday discounts that may have biased November lower.
- Price gains were led by shelter rising 0.4%, food rising 0.7%, energy climbing 0.3%, and core CPI excluding food and energy up 0.2%.
- The next Fed meeting is scheduled for Jan. 27 to 28, with the December CPI helping inform the Federal Reserve's decision as CME FedWatch showed a 95% chance the Fed would hold rates.
- Amid affordability concerns, Seema Shah noted that 'Inflation remains a challenge, with core PCE inflation holding above the Federal Reserve's 2% target for 55 months,' raising long-term questions about monetary policy. The DOJ's subpoenas related to Powell's testimony have added scrutiny to the Fed's independence.
161 Articles
161 Articles
Inflation Remains Above Target in December
Data released Tuesday by the Bureau of Labor Statistics showed inflation holding at a 2.7 percent annual rate in December, reflecting a continued rise in housing and food costs. Food costs rose sharply in December, climbing 0.7 percent on the month and 3.1 percent from a year earlier. Grocery prices were up 2.4 percent annually, while the price for dining-out rose 4.1 percent over the past year. Core inflation, which does not take into account …
The consumer price index rose in December by 2.7% over one year, a steady pace compared to November.
The US Consumer Price Index remained at 2,7 % in December 2025, at the same level as in November.
Inflation Holds at Nearly Half Biden Era Rate, ‘Core’ Rate Lowest Since March 2021
Inflation held steady at nearly half the Biden Administration’s rate in December, Consumer Price Index (CPI) data released Tuesday by the U.S. Bureau of Labor Statistics (BLS) show. Not only was the 12-month CPI increase of 2.7% unchanged from November’s 2.7% year-to-year rate, it was also cooler than economists had expected. Likewise, the “core” rate of inflation, which excludes volatile food and energy prices, remained at 2.6% - the lowest 12-…
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