Inflation Rises in December, But Core CPI Slows 📊

The latest numbers are in!

U.S. inflation ticked up by 0.4% in December, a slight acceleration from November’s 0.3% increase and right on target with expectations, according to data from the Bureau of Labor Statistics. Year-over-year, inflation rose to 2.9%, up from 2.7% in November, reflecting continued economic pressures as we closed out 2024.

However, the core Consumer Price Index (CPI)—which excludes the more volatile categories of food and energy—painted a calmer picture. It rose by just 0.2% month-over-month, slightly below both the previous month’s 0.3% increase and the consensus estimate of 0.3%. On an annual basis, core CPI edged down to 3.2% from November’s 3.3%, missing the forecasted 3.3%.

These mixed signals suggest that while inflation is still a factor, underlying pressures in key areas may be easing. As we look ahead to 2025, all eyes will be on whether this trend continues or if new dynamics shift the economic landscape further.

Stay informed and keep an eye on the markets as we navigate what’s next!

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