Inflation Ticks Up to 2.9%, but Underlying Price Gains Are Muted

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2025-01-15 16:00:09

U.S. inflation picked up last month as gas prices rose sharply, though price gains for other goods were more muted. The consumer price index rose 0.4% in December from November and finished the year up 2.9%. Economists surveyed by The Wall Street Journal had expected the CPI to advance 0.3% last month from November and 2.9% from December 2023.

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