USIRYY December/2024 source: U.S. Bureau of Labor Statistics
-The annual inflation rate in the US accelerated for the third consecutive month to 2.9% in December, as expected. On a monthly basis, the CPI rose by 0.4%, exceeding expectations of 0.3%. However, annual core inflation slightly decreased to 3.2% from 3.3%, below the anticipated 3.3%. The monthly core rate also eased to 0.2% from 0.3%, in line with expectations.