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 2,400-Year-Old Gold Coins Found in Turkey: A Mercenary's Treasure READ MORE Gundlach's Investment Strategy: Cash and Gold in a Volatile Market READ MORE Safe-Haven Appeal Drives Gold Over $2,400 READ MORE As Gold Hits $2,500, All Eyes Turn to Fed's Next Move READ MORE Federal Reserve Signals Economic Pivot with Anticipated Rate Reduction READ MORE Add a Comment Cancel replyYour email address will not be published.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