CPI data

Services excluding housing are a key area to watch in the December inflation report. Spencer Platt/Getty Images. Consumer prices rose at an 6.5% annual pace in ...

Economists had expected prices to stay flat in December and slow to a 6.5% annual pace from the previous month’s 7.1%. The consumer-price index ticked down 0.1% over the month in December, the Labor Department reported Thursday, compared to a 0.1% climb in November. Consumer prices rose at a 6.5% annual pace in December, marking a sizable deceleration from November and notching the sixth straight month of slowing inflation.

Federal Reserve officials, households and businesses alike are eager for signs that inflation will continue to recede in 2023.

But officials and American families alike have been desperate for signs that the Federal Reserve’s fight against inflation is working and that the economy will continue to stabilize in 2023. Inflation is still well above normal levels, and the economy remains vulnerable to shocks that could send prices back up. Inflation eased again in December, giving relief to households and businesses nationwide and offering more assurance to economic policymakers that price increases are pulling back after they soared to 40-year highs last year.

Inflation eased substantially for a third month in December as tumbling gasoline prices and a moderating rise in grocery bills offset another surge in rent.

And the price of a haircut increased by 0.3% and 6.3% from a year ago. Breakfast cereal prices rose 1.1% and 13% from a year ago. Rent jumped 0.8% monthly and 8.3% over the past year. In December, the price of eggs leaped 11.1% and is up nearly 60% from a year ago as bird flu continues to thin chicken supplies. “It definitely frees up the money for something else.” Nationally, regular unleaded gasoline averaged $3.27 a gallon Wednesday, down from about $5 in June, according to AAA. But the cost of services has marched higher as more Americans return to traveling and other activities even as lingering worker shortages push up wages. Inflation has now eased since July but the pullback has accelerated the past three months. Stocks have been moving higher this week off expectations that CPI would continue to build off November’s decline. That lowered the annual increase from 6% to 5.7%. Still, the central bank is moving more cautiously. Americans have been struggling with an historic inflation spike since spring of 2021 as an easing pandemic stoked consumer demand even while supply chain bottlenecks spawned product shortages.

World stocks inch higher; dollar at 7-month lows · Yen gains on report BOJ to scrutinise policy effects · Eyes on U.S. CPI due at 1330 GMT · Treasuries and euro ...

"It's not enough for China to come out of COVID to really turn the whole world economy around," said Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth Investments. "Both the worst and best days for the S&P 500 in 2022 came on days of a CPI release. Foreign exchange markets elsewhere were quieter ahead of the U.S. German 10-year yields , the benchmark for the euro zone, fell 5 bps to 2.135%. data due at 1330 GMT is set to have a big impact on markets by shaping expectations of the speed of interest rate hikes in the world's biggest economy. The yuan traded at five-month highs at 6.7499 per dollar. headline consumer inflation slow 6.5% in December from 7.1% the previous month, with core inflation, [(USCPFY=ECI)](https://www.reuters.com/quote/USCPFY=ECI) seen at annual 5.7%, down from 6% a month earlier. Bonds also rose, mirroring hopes of a softer inflation report, and the U.S. CPI has the ability to shape the next month," wrote Deutsche Bank strategist Jim Reid. Treasuries added to Wednesday's gains, pushing benchmark 10-year yields down 3.2 basis points (bps) to 3.524%. dollar was near seven-month lows against a basket of currencies. MILAN, Jan 12 (Reuters) - Stocks made modest gains on Thursday on cautious optimism that U.S.

Stock market sentiments improved after the announcement of the December consumer price index (CPI), data as equity futures trade in the green. Dow futures were ...

The release of the January 2023 CPI data on Friday, February 10, 2023, will mark the start of the transition to yearly weights. The Bureau of Labor Statistics December CPI index, which measures increases in the prices consumers pay for goods and services, was predicted to show a 6.5% increase from a year earlier, dropping from the 7.1% increase reported the previous month. There will be a change in the way the US CPI is calculated going forward. The data confirms that inflation is finally being tamed, which means there’s a higher chance that the Federal Reserve will pursue less aggressive interest rate hikes in the world’s largest economy,” says Nigel Green, CEO, deVere Group, one of the world’s largest independent financial advisory, asset management and fintech organisations. The index for all items less food and energy, however, rose 0.3 percent in December, after rising 0.2 percent in November. The year-on-year inflation number for December has fallen to 6.5% from 7.1% seen in November 2022.

U.S. stocks closed higher on Thursday, extending recent gains as data showing a fall in consumer prices in December bolstered expectations of less ...

Louis Fed President [James Bullard](/markets/us/feds-bullard-says-latest-inflation-data-step-right-direction-2023-01-12/) acknowledged the moderation in prices, but stressed on the need for further monetary policy tightening to bring inflation down to the central bank's target. [(MSFT.O)](https://www.reuters.com/companies/MSFT.O) shares rose 1.2%, providing the biggest boost to the S&P 500 and Nasdaq, while energy shares also were higher along with oil prices. inflation may pave the way for the Fed to be able to bring down consumer prices without badly damaging growth. [(.DJI)](https://www.reuters.com/quote/.DJI) rose 216.96 points, or 0.64%, to 34,189.97, the S&P 500 [(.SPX)](https://www.reuters.com/quote/.SPX) gained 13.55 points, or 0.34%, to 3,983.16 and the Nasdaq Composite [(.IXIC)](https://www.reuters.com/quote/.IXIC) added 69.43 points, or 0.64%, to 11,001.11. Trading was choppy following the CPI data. Friday brings results from a number of big U.S. [(TSLA.O)](https://www.reuters.com/companies/TSLA.O) shares ended near flat after Bloomberg, citing people familiar with the matter, reported the carmaker has [delayed plans](/business/autos-transportation/tesla-delays-plans-expand-shanghai-factory-bloomberg-news-2023-01-12/) to expand its Shanghai factory. [earnings](/markets/us/rebound-us-stocks-faces-earnings-test-2023-01-12/) are expected to have declined year-over-year in the fourth quarter, according to IBES data from Refinitiv, which would be the first quarterly U.S. [Patrick Harker](/markets/us/feds-harker-ready-downshift-25-basis-point-interest-rate-hikes-2023-01-12/) and St. Energy [(.SPNY)](https://www.reuters.com/quote/.SPNY) rose 1.9% and was the day's best performer among sectors. [said](/markets/us/softer-inflation-print-stirs-hopes-goldilocks-scenario-us-markets-2023-01-12/) the slowdown in U.S. Register for free to Reuters and know the full story

Inflation data slowed in December, as widely expected, but labor market data remained strong, with both initial and continuing claims coming in lower than ...

European markets on Thursday closed at their highest level since April 2022, despite a choppy afternoon following the release of U.S. inflation data.

A rally with that length has not been seen in the tech-heavy index since September. The Japanese carmaker had already produced 9.5 million cars by November, according to Reuters. consumer price data for December. [Dow](/quotes/.DJI/) was down 0.1%. Those companies not only have solid ESG credentials, but also financial performance to boot. At 7794.04 points, the FTSE is inching closer to its all-time high of 7877.45 points. stocks](https://www.cnbc.com/2023/01/11/stock-market-news-futures-open-to-close.html) were lower after the open but swung to a gain toward midday, with the Dow Jones Industrial Average up 0.4%. [December CPI report](https://www.cnbc.com/2023/01/12/consumer-prices-fell-0point1percent-in-december-in-line-with-economists-expectations.html) was in line with economist expectations for a monthly dip of 0.1% but a 6.5% rise year-over-year. The U.K.'s FTSE 100 index gained another 0.9% after surpassing its 2018 heights in Wednesday's session. The U.S. The That compared to a 0.1% monthly gain in November and an annual pace of 7.1%.

According to a poll by CNBC-TV18, CPI in December is seen at 5.84 percent against 5.88 percent in the preceding month and 5.59 percent in the year-ago ...

Core CPI continued to remain sticky led by services inflation. according to data published by the ministry of statistics and programme implementation on January 12. Food inflation is likely to remain largely unchanged. It is calculated for a fixed list of items including food, housing, apparel, transportation, electronics, medical care, education, etc. IST3 Min(s) Read IST2 Min(s) Read

Consumer prices decreased by 0.1% in December, the Bureau of Labor Statistics reported Thursday in its Consumer Price Index. The last time prices were lower ...

In addition to food prices still being on the rise, core inflation picked up 0.3% in December from November. Economists anticipate that the Fed will continue to slow the pace of its rate hikes in 2023. “If you take the month-over-month numbers since July and annualize that, the annually compounded monthly rate has been around 2%, right at [the Fed’s target],” Calhoun said. Most notably, food prices grew at the smallest monthly rate since March of 2021, BLS data shows. “We hit the lowest unemployment rate in 50 years in this country, and workers are seeing real wage increases.” “This month, food [at home] prices rose just two-tenths of a percent. Prices skyrocketed during the first half of the year, with [ inflation hitting 9.1% at its crest in June](https://www.cnn.com/2022/07/13/economy/cpi-inflation-june/index.html). “We have more work to do, but we’re on the right track.” “Demand for services really seems to be slowing down as well,” Bruun said. [rickety ride for Americans](https://www.cnn.com/2022/05/10/economy/single-parent-inflation-economy/index.html). The last time prices were lower than the previous month was May 2020. It’s the smallest annual increase since May 2021.