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 Insider Alert: Mike’s Made Two Changes to His Portfolio READ MORE U.S. Job Openings Decline in November, Indicating Labor Market Shift READ MORE Gold Inches Higher, Supported by Soft Dollar and Rising Middle East Tensions READ MORE Gold Prices Shatter Records: Inflation Data Fuels Rate Cut Speculations READ MORE Government Measures Aim to Strengthen Demand for ZiG in Zimbabwe READ MORE Add a Comment Cancel replyYour email address will not be published.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