Financial News: U.S. Consumer Prices Climb Slightly More Than Expected

U.S. Consumer Prices Climb Slightly More Than Expected In December

01/15/2025 - 08:41:00 (RTTNews)

(RTTNews) - Largely reflecting a surge by energy prices, the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased by slightly more than expected in the month of December.

The Labor Department said its consumer price index climbed by 0.4 percent in December after rising by 0.3 percent in November. Economists had expected consumer prices to rise by another 0.3 percent.

The report also said the annual rate of growth by consumer prices accelerated to 2.9 percent in December from 2.7 percent in November, in line with economist estimates.

Meanwhile, the Labor Department said core consumer prices, which exclude food and energy prices, edged up by 0.2 percent in December after increasing by 0.3 percent for four straight months. The uptick matched expectations.

The annual rate of growth by core consumer prices slowed to 3.2 percent in December from 3.3 percent in November, while economists had expected yearly growth to remain unchanged.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Crude Oil Inventories Fall More Than Expected But Gasoline Inventories Surge (32 min(s), 09 sec(s) ago)
(RTTNews) - The Energy Information Administration released a report on Wednesday showing crude oil ...Full Story»

New York Manufacturing Index Unexpectedly Indicates Contraction In January (01 hr(s), 16 min(s), 09 sec(s) ago)
(RTTNews) - New York manufacturing activity unexpectedly declined in the month of January, accordi ...Full Story»

U.S. Annual Core Consumer Price Growth Unexpectedly Slows In December (01 hr(s), 31 min(s), 09 sec(s) ago)
(RTTNews) - While the Labor Department released a closely watched report on Wednesday showing U.S. ...Full Story»

Indonesia Unexpectedly Cuts Key Interest Rate To Boost Economic Growth (02 hr(s), 01 min(s), 09 sec(s) ago)
(RTTNews) - Indonesia's central bank unexpectedly lowered interest rates for the first time in ...Full Story»

Romania Central Bank Keeps Rate Unchanged (02 hr(s), 13 min(s), 09 sec(s) ago)
(RTTNews) - Romania's central bank left its interest rate unchanged for the third straight tim ...Full Story»

Denmark Producer Price Inflation Climbs To 14.9% (02 hr(s), 18 min(s), 09 sec(s) ago)
(RTTNews) - Denmark's producer price inflation accelerated to the highest level in more than t ...Full Story»

New York Manufacturing Index Unexpectedly Turns Negative In January (02 hr(s), 28 min(s), 09 sec(s) ago)
(RTTNews) - New York manufacturing activity unexpectedly declined in the month of January, accordi ...Full Story»

U.S. Consumer Prices Climb Slightly More Than Expected In December (02 hr(s), 34 min(s), 09 sec(s) ago)
(RTTNews) - Largely reflecting a surge by energy prices, the Labor Department released a report on ...Full Story»