Inflation Edged Up in December Simply after Fast Cooling Most of 2023

Inflation firmed up at 12 months’s conclude, proper after the pace of charge positive aspects fell by nearly half in 2023.

The purchaser-price index climbed .3% in December from the prior thirty day interval and improved 3.4% from a yr earlier, the Labor Division talked about Thursday. That compares with November’s .1% common month-to-month purchase and marks an acceleration from that month’s 3.1% once-a-year improve.