Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics reported Friday in an update to the personal consumption expenditures index, the ...
MT Newswires on MSN41m
December Consumer Spending Accelerates as Annual Core Inflation Holds SteadyConsumer spending growth accelerated at the end of 2024, while the Federal Reserve's preferred inflation metric held steady at the annual level, government data showed Friday. Personal consumption ...
The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%.
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