Fuel prices drive US CPI up 0.4% in December

15 January 2025

 

Summary: US CPI up 0.4% in December, in line with expectations; annual inflation rate up from 2.7% to 2.9%; “core” rate up 0.2%, up 3.2% over year; Westpac: about half of increase attributable to energy component; US Treasury yields fall; rate-cut expectations firm; Westpac: solid improvement in pace of core services inflation; non-energy services again main driver of overall result. The annual rate of US inflation as measured by changes...

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