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US inflation ticks up to 2.9% in December
Business Standard|January 16, 2025
US consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.
US inflation ticks up to 2.9% in December

The consumer price index rose 0.4 per cent last month after climbing 0.3 per cent in November, the Labor Department's Bureau of Labor Statistics said on Wednesday. In the 12 months through December, the CPI advanced 2.9 per cent after increasing 2.7 per cent in November.

This story is from the January 16, 2025 edition of Business Standard.

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US inflation ticks up to 2.9% in December
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This story is from the January 16, 2025 edition of Business Standard.

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