Inflation likely accelerated in December, putting pressure on the Federal Reserve to keep interest rates relatively high.

There are growing concerns about the stickiness of inflation and fears that the Federal Reserve may have to keep interest rates restrictively high for longer.

citing estimates indicating that one key measure of underlying inflation, the Personal Consumption Expenditures Price Index excluding food and energy costs, has been close to the Fed’s target ...

The producer price index was expected to increase 0.4% in December, according to the Dow Jones consensus estimate.

The Fed also uses another inflation measure, the personal consumption expenditures price index. CPI readings tend to run about 0.2 to 0.3 percentage points higher than the PCE, Seydl said.

US wholesale inflation unexpectedly cooled ... Reserve’s preferred inflation measure — the personal consumption expenditures price index. Those categories were mixed in December, including ...

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Use this inflation calculator to see how prices are changing: Inflation is the loss of purchasing power over time as prices rise. It is often expressed as a percentage and generally refers to a trend ...