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U.S. Dec CPI revised to +0.2% (prev +0.3%)
U.S. DEC CPI REVISED TO +0.2% (PREV +0.3%) Added at 8:32am
Added at 8:35am
Added at 8:37am
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❖ US REVISED 4Q CORE CPI UNCHANGED AT 3.3% ANNUALIZED INCREASE
— *Walter Bloomberg (@DeItaone) February 9, 2024
Added at 8:52am
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Inflation in December was even lower than first reported, the government says
The prices consumers pay in the marketplace rose at an even slower pace than originally reported, according to closely watched revisions the government released Friday. Revisions to the consumer price index showed that the broad basket of goods and services measured increased 0.2% on the month, less than the originally reported 0.3%, the Labor Department’s Bureau of Labor Statistics said. While the change is only modest, it helped confirm that inflation was moderating as 2023 ended, giving more leeway to the Federal Reserve to start cutting interest rates later this year. The revisions are done as a matter of ... (full story)
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