The December Consumer Price Index report showed an acceleration in year-on-year total CPI inflation to 2.9%, the highest rate since July 2024. Meanwhile, core CPI remained sticky and elevated but ...
Year-over-year core CPI (which excludes volatile food and energy costs) rose 3.2%, below the November rate of 3.3%. The CPI increased 0.4% month over month in December after rising 0.3% in November.
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