US consumer prices rise in December, but underlying inflation slowing

Name: US consumer prices rise in December, but underlying inflation slowing
Uploaded: 2025-01-15T20:40:29Z
Description: 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, putting the annual inflation rate at 2.9%.

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, putting the annual inflation rate at 2.9%.