USA: inflation accelerates slightly as expected

(CercleFinance.com) - According to the Labor Department, the US consumer price index rose by 2.
9% in December 2024 compared with the same month in 2023, an annual rate in line with expectations and up 0.2 points on November.

Excluding energy (-0.5%) and food (+2.5%), two traditionally volatile categories, the underlying annual inflation rate came out at 3.2% last month, a level slightly below economists' consensus.

On a sequential basis, i.e. between November and December 2024, US consumer prices rose by 0.4% unadjusted and by 0.2% excluding energy and food.

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