Inflation speeds up, ends 2024 at 2.9 percent

By The Hill | Created at 2025-01-15 13:46:08 | Updated at 2025-01-15 16:05:50 2 hours ago

Inflation picked up speed in December as the U.S. economy showed unexpected signs of strength at the end of 2024. The consumer price index (CPI) rose 0.4 percent in the final month of 2024 and ended the year up 2.9 percent, according to data released Wednesday by the Labor Department. Economists expected the annual inflation…

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