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 consumer prices rise in December, but underlying inflation slowing
U.S. inflation data out Wednesday showed consumer prices ticked up more than expected in December amid higher gas prices. The Labor Department's consumer price index rose 0.4% last month, slightly more than economists polled by Reuters had expected,
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
Commissions do not affect our editors' opinions or evaluations. Today’s average price of gas in the U.S. is $3.09 per gallon, up $0.02 from yesterday, $0.02 from last week and $0.07 from last ...
A wave of predictions that a polar vortex will make this January the coldest in years sent natural gas prices up this week, ...
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