The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and ...
Rising food and housing costs have hit the lowest-income Americans the hardest in recent years.
This index is primarily used to determine current inflation and predict how prices might change in the near future. According to the Labor Department’s most recent report, CPI in December was 2. ...
Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results ...
Financial markets are betting the Reserve Bank will preview a rates reprieve in February, with official figures showing the ...
The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers ...
Groceries are up 1.8%. Meanwhile, there were some bright spots in the CPI report, such as shelter. The 4.6% annual inflation rate for housing in December was the lowest since January 2022.