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Inflation Ticks Higher, Potentially Delaying Rate Cuts

Por: MarketWatch Business January 11, 2024

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On a month-over-month basis, the headline index rose 0.3%. Economists forecast the pace of inflation would rise to 0.2% from the 0.1% monthly rate recorded in November.  While the pace of headline inflation was on the rise in December, core CPI—a metric that excludes the more volatile food and energy indexes and is generally considered a better gauge of underlying trends—continued to decline slightly. Core CPI growth slowed to 3.9% year... + full article



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