A soar in power and meals costs hit the US final month, as progress stabilising costs remained elusive.
On common, costs in December had been up 2.9% in contrast with a yr earlier, up from 2.7% in November, the Labor Division mentioned.
Egg costs shot up greater than 36%, as a bout of chicken flu hit provide and led to shortages.
However the knowledge confirmed costs for different gadgets rose by lower than anticipated over the month, calming market fears that the US central financial institution might need to behave extra aggressively to stabilise costs.
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, 2025-01-15 13:50:00
