Core Inflation Falls for First Time Since July Amid Sticky Food Costs
December’s inflation report offered signs of easing price pressures. Core Consumer Price Index (CPI), which excludes volatile food and energy components, rose 0.2% month-over-month and 3.2% year-over-year — the slowest annual pace since July. Headline CPI matched expectations at 2.9% year-over-year, reflecting a broad move toward more moderate inflation. One notable improvement came from the … Read more