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US inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon.

The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying ...

The Personal Consumption Expenditure index shows prices are up by 2.6% annually. The Federal Reserve is seeing positive economic indicators despite erratic inflation. Just two days after the Federal ...

The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down inflation.

Overall inflation climbed 0.3% in December from the previous month, driven higher by a jump in gas prices. Monthly increases at that level, if they continued, would exceed the Fed’s target.

The monthly CPI indicator rose 2.5% in the 12 months to December. The top contributors to the annual movement were Food and non-alcoholic beverages (+2.7%), Alcohol and tobacco (+5.8%), and Housing ...

SINGAPORE – Singapore’s core inflation extended its decline in December 2024 as the cost of services moderated, though the gauge came in above analysts’ expectations. Core inflation ...

Japan CPI rises as expected in Dec, sets the stage for BOJ rate hike By Investing.com - Jan 23, 2025 3 Investing.com-- Japanese consumer price index inflation grew as expected in December ...

The Reserve Bank's battle with inflation is over. So why doesn't it feel like things have improved? Data released on Wednesday showed the consumer price index lifted 2.2 percent in the last quarter of ...

South Africa’s annual consumer price inflation (CPI) rose to 3.0% in December 2024, up from 2.9% in November, according to the lastest report from Statistics South Africa (Stats SA). This means ...