US inflation rose as expected in December as core CPI softens

Wed, Jan 15, 2025, 6:43 AM

The latest Consumer Price Index (CPI) reading saw prices rise by 0.4% monthly and 2.9% annually in December, the inflation data in line with economist expectations. Core CPI — which excludes trends in food and energy costs — rose by 0.2% month-over-month and 3.2% year-over-year, both data sets below forecasts.

The Morning Brief hosts Seana Smith and Brad Smith analyze the breaking data and examine the price trends in several consumer sectors.

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This post was written by Luke Carberry Mogan.