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International Business Times UK

Business

Niloy Chakrabarti

CPI Report for December Jumps 2.9%, Core Prices Come In Cooler To Lower Yields and Propel US Stocks

CPI United States

The Magnificent Seven stocks already gained by up 3% on the latest CPI report. (Credit: energepic.com/Pexels.com)

According to the US Bureau of Labor Statistics, the US Consumer Price Index (CPI) for all urban consumers increased by 0.4% in December 2024 compared to a 0.3% jump in November.

Headline CPI rose 2.9% year-over-year in December, in alignment with projections from economists.

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