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Benign US inflation keeps the door open for at least two further rate cuts
The December CPI report has provided another soft inflation print, with headline prices rising 0.3% month-on-month as the consensus forecast, while core inflation rose only 0.2% versus the 0.3% consensus prediction. We thought there was a strong chance of an even higher print of 0.4%, in large part due to timing issues related to the government shutdown that heightened the influence of price discounting later in November 2025 relative to a 'normal' November 2024. We thought this would have led to a bigger seasonally adjusted bounce for December price levels. The key takeaway is that goods prices were very benign, ... (full story)
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in December, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment. The index for shelter rose 0.4 percent in December and was the largest factor in the all ...
The final inflation report of 2025 will be released Tuesday morning, closing the book on a year when the pace of inflation slowed but prices themselves did not fall on an objective basis. Inflation most likely continued rising in December, analysts say, in what could be the latest sign of the affordability crisis that consumers have been describing in ...
Core U.S. consumer prices rose less than predicted in December, reinforcing hopes that inflation is tempering as the Federal Reserve contemplates its next move on interest rates. Excluding volatile food and energy prices, the consumer price index showed a seasonally adjusted 0.2% gain on a monthly basis and 2.6% annually, the Bureau of Labor Statistics ...
