Economists expect the consumer price index rose 2.9% last month, matching the year-over-year increase in December. The annual ...

Inflation rose 2.9% on an annual basis in December, with the latest Consumer Price Index illustrating the Federal Reserve's challenge in battling stickier-than-expected price increases.

Despite recent declines, inflation is still the No. 1 concern on voters’ minds, given the years of cumulative price growth.

U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with the Federal Reserve's projections for ...