CPI, Inflation
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Economists expect the December CPI inflation report to show price growth remained elevated and cautioned it may have a downward bias due to missing data from the government shutdown.
Tuesday’s data revealed that the cost of living for Americans ticked higher in December as the consumer-price index rose 0.3% last month, leaving the annual rate of inflation at 2.7%, well above the Federal Reserve’s 2% target.
New CPI report fuels political battle over affordability as Republicans and Democrats clash ahead of midterm elections, with inflation holding at 2.7%.
Follow live coverage and news of the December release consumer price index, scheduled for Tuesday at 8:30 a.m. Eastern time. The inflation data is being watched by the Fed for its interest-rate policy.
December CPI shows cooling inflation—headline 2.7% and core 2.6%—with muted markets and a likely Fed pause. Click for a full analysis of the latest data.