Prices rose 2.7% in December from a year ago, a sign that inflation continues rising but in line with the pace seen in recent months.

Tuesday’s data revealed that the cost of living for Americans ticked higher in December as the consumer-price index rose 0.3% last month, leaving the annual rate of inflation at 2.7%, well above the Federal Reserve’s 2% target.

U.S. consumer prices increased in December, lifted by higher costs for rents and food as some of the distortions related to the government shutdown that had artificially lowered inflation in November unwound,

President Trump declared inflation “defeated” during a speech at the Detroit Economic Forum on Tuesday despite a report earlier that day showing annual price growth of 2.7 percent,  putting more

The latest release of inflation statistics shows price growth was in line with what economists expected after the government shutdown resulted in a confusing November reading. The consumer price index climbed 2.

US consumers probably experienced only a modest pickup in inflation as 2025 drew to a close, consistent with price pressures that are gradually abating.

Food inflation continued to remain in negative territory for the seventh straight month, though pressures edged higher. The Consumer Food Price Index (CFPI) declined 2.71% year-on-year in December, compared with a sharper contraction of 3.

Consumer price index rose 2.7% in year to December, in line with November, as president feuds with Fed over rate cuts