The Fed’s go-to inflation gauge heated up again

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CNN  —  The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying inflation trends indicated some progress in the fight to rein in price hikes. The Personal Consumption Expenditures price index rose 2.6% in December from the year before, heating up from November’s 2.4% increase , according to new Commerce Department data released Friday. On a monthly basis, prices

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The Fed’s go-to inflation gauge heated up again https://edition.cnn.com - 31.01.2025 16:08

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The Fed’s go-to inflation gauge heated up again https://edition.cnn.com - 31.01.2025 16:08