The US inflation data is expected to show continued increases for the fifth consecutive month, fueling concerns about higher interest rates. Forecasters predict a 0.3% rise in the core consumer price index (CPI) in December, alongside a 0.4% advance in the overall index. The core CPI excludes food and energy costs, highlighting key areas to monitor: rents, travel categories, and core goods. The Bureau of Labor Statistics is set to release the monthly report on Wednesday, providing further insight into the nation’s inflation trends.
Source: https://www.bloomberg.com/news/articles/2025-01-15/us-inflation-data-to-remain-firm-feeding-fears-of-higher-rates