December Consumer Prices Rise Unexpectedly, Surpassing Forecasts The U.S. Labor Department reported a higher-than-anticipated rise in consumer prices for December, indicating persistent inflationary pressures in the economy. The consumer price index (CPI) saw a 0.3% increase in December, surpassing the 0.2% estimate expected by many economists and policymakers. This rise pushed the annual CPI rate for 2023 to 3.4%, exceeding the Dow Jones surveyed economists’ forecast of 3.2%. This figure represents a notable decrease from the 6.4% annual CPI gain recorded in December 2022, yet suggests that inflation remains a concern. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver Surges to August Highs as Bullish Trend Resumes READ MORE Supercore Inflation Surge Signals Tough Road Ahead for Fed READ MORE Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with Caution READ MORE JP Morgan Gold Traders Contempt for the Law, Plan to Appeal their Convictions READ MORE TSX Futures Stagnate as Investors Weigh Gold Decline Against Fed Signals READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment