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 Why Britain Is Still Paying the Price for Gordon Brown’s Gold Bullion Blunder READ MORE Powell Signals Fed's Pivot: Job Market Concerns May Prompt Rate Cuts READ MORE WAKE UP CALL: "There's Still Time To Prepare…BUT NOT LONG" – Mike Maloney READ MORE China's Economy Struggles Gain Momentum: Inflation and Factory Prices Disappoint READ MORE Powell to Defend Fed's 'Higher-for-Longer' Rate Policy in Congressional Testimony READ MORE Add a Comment Cancel replyYour email address will not be published.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