US EditionUS Inflation Rises Again, Hitting 2.9% in December
- The consumer price index for the U.S. increased to 2.9% in December, as reported by the Bureau of Labor Statistics.
- December marked the third consecutive month of rising consumer prices, up from an annualized rate of 2.4% in September.
- Energy prices, particularly gas and fuel, contributed to 40% of the monthly increase in prices.
- Core inflation, excluding food and energy, fell to 3.2% after being at 3.3% for three months.
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Americans have mixed expectations on inflation rates over the coming years, even as inflation has remained below the 3 percent level continuously for half a year, according to a survey from the Federal Reserve Bank of New York. “Median inflation expectations were unchanged at 3.0 percent at the one-year horizon, increased to 3.0 percent from 2.6 percent at the three-year horizon, and declined to 2.7 percent from 2.9 percent at the five-year hori…
Price jumps in services resulted in the second highest inflation rate of the past year at the end of the year. Overall, prices rose by 2.6 percent. What has become particularly expensive - and what has become cheaper.[more]]]>
US consumer inflation rises to 2.9% in December
Washington, United States — US consumer inflation rose for a third straight month in December as energy prices increased, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts. The consumer price index (CPI) accelerated to 2.9 percent last month from a year ago, up from 2.7 percent in […]...Keep on reading: US consumer inflation rises to 2.9% in December
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Benign inflation data has revived the case for additional Federal Reserve interest-rate cuts. On Wednesday, the 10-year Treasury yield fell 14 basis points to 4.65%, its biggest daily decline since August. The drop in yields occurred as traders resumed betting on another Fed rate cut by July. Traders ignored the strong December employment data released Friday, which sparked a surge toward the highest levels in months as it sowed doubts that poli…
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