The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024. That’s up from 2.7% in November. Energy, food, new and used vehicles, car insurance and airline fares were among the contributors to the increase. There was some good news: “Core” CPI saw disinflation, as did shelter prices.
Here’s the inflation breakdown for December 2024 — in one chart
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