Core inflation rate slows to 3.2% in December, less than expected

Prices for goods and services increased by 0.4% in December, resulting in a 2.9% inflation rate for the year, according to the Bureau of Labor Statistics. Economists had predicted a 0.3% rise in prices, but the actual figure matched their expectations. The data showed some improvement in inflation, particularly in the housing sector, as 2024 came to a close.

Full Article