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US core inflation slows, reviving hopes for lower rates

Christopher Rugaber

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Washington | US inflation picked up last month as prices rose for gas, eggs, and used cars, yet underlying price pressures showed signs of easing slightly.

The consumer price index rose 2.9 per cent in December from a year ago, the highest since July, the government reported. It was the third straight increase after inflation fell to a 3½-year low of 2.4 per cent in September.

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    Original URL: https://www.afr.com/world/north-america/us-cpi-picks-up-but-inflation-pressures-ease-20250116-p5l4q8