The annual inflation rate in the United States reached 2.9% in December, rising from November's 2.7% and matching expectations, the Department of Labor Statistics revealed in its report published on Wednesday. On a monthly level, the Consumer Price Index (CPI) grew by 0.4%, slightly above estimates.
The energy index went up 2.6% month on month and dropped 0.5% compared to the previous year, while the food index increased by 0.3% monthly and 2.5% year-on-year basis.
The core CPI, which excludes food and energy, went up by 0.2% compared to the previous month and 3.2% over the previous 12 months.
