Washington, Jan 15, 2025 (AFP) - US consumer inflation rises to 2.9% in December: govt

NAMPA / AFP
2025-01-15
US consumer inflation rose for a third straight month in December, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts. The consumer price index (CPI) rose to 2.9 percent last month from a year ago, up slightly from 2.7 percent in November, the Labor Department said in a statement. This was in line with the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Jou......
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