USA inflation

USA

US Consumer Prices Rise 0.3% in December, Exceeding Predictions

In the United States, inflation surpassed expectations in December, driven by surges in energy and housing costs, highlighting the ongoing challenge of controlling price pressures in the economy. The Labor Department reported a 0.3% increase in the Consumer Price Index (CPI), a comprehensive measure encompassing the prices of everyday items such as gasoline, groceries, and rent. This exceeded predictions, with…