Forecasts for December’s Consumer Price Index report indicate inflation ticking higher, driven mainly by rising goods prices. After a surprisingly cool report in November, economists expect that prices rose faster in December, reflecting ongoing tariff pressures which are expected to subside in the second half of 2026. “We are going to see inflation continue to move slightly higher in early 2026, but we’re not going to see a surge,” says Gregory Daco, chief US economist at EY-Parthenon. Overall, analysts predict that headline inflation rose 0.3% on a month-over-month basis in December and 2.6% year over year, ... (full story)