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Core inflation rate slows to 3.2% in December, less than expected

By Ilene
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Core inflation rate slows to 3.2% in December, less than expected

By Jeff Cox, CNBC

Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing.

The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had been looking for respective readings of 0.3% and 2.9%.

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