Everyday Costs and Inflation Trends

This living topic explores the trends and impacts of inflation on consumer goods prices, covering a wide range of products and services. The articles delve into detailed statistics and reports on the rising costs of groceries, housing, fuel, and other essentials, while also discussing the economic factors driving these changes. Readers will find insights into how inflation affects everyday expenses, strategies for managing rising costs, and the broader implications for the economy. Additionally, the content provides expert advice on financial planning and investing in an inflationary environment.

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Consumer prices rose faster in December than November

Car insurance and restaurant menu prices are still rising

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Inflation ended 2024 by moving slightly higher. The U.S. Bureau of Labor Statistics reports a 0.4% increase in the Consumer Price Index for All Urban Consumers (CPI-U) on a seasonally adjusted basis for December.

That follows a 0.3% rise in November. The biggest drivers of inflation in December were energy and shelter.

The energy index climbed 2.6%, contributing to over 40% of the overall monthly increase. Within the energy sector, gasoline prices were up by 4.4%. Food pri...

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