Persistent Inflation Challenges
Despite early signs of subsiding crisis-level inflation, December's report indicates continuing challenges with higher-than-desirable price increases in key economic areas, risking the delay in anticipated interest rate cuts and affecting hopes for reduced inflation before 2024.
- The Consumer Price Index ascended by 0.3% in December, a slight increase from November, with a 3.4% annual rise, signaling a steady pace of inflation particularly within the services sector.
- Shelter costs, a significant factor in the CPI rise, displayed sturdiness against predictions of decline, contributing to the stubborn core inflation rates that remain above the Federal Reserve's target.
https://www.axios.com/2024/01/11/sticky-inflation-problem
Bitcoin /
npub1dw…ds9g9
2024-01-11 19:50:03
Author Public Key
npub1dwegu7taqadap2pzw6dszulc6r7gwmldawjpdrersuykxxlyzfeskds9g9Published at
2024-01-11 19:50:03Event JSON
{
"id": "763d88154fb7ddc86e390d98d4f4e750ac41353e4bda1283dab7a49c662dc766",
"pubkey": "6bb28e797d075bd0a822769b0173f8d0fc876fedeba4168f238709631be41273",
"created_at": 1705002603,
"kind": 1,
"tags": [
[
"r",
"https://www.axios.com/2024/01/11/sticky-inflation-problem"
]
],
"content": "Persistent Inflation Challenges\n\nDespite early signs of subsiding crisis-level inflation, December's report indicates continuing challenges with higher-than-desirable price increases in key economic areas, risking the delay in anticipated interest rate cuts and affecting hopes for reduced inflation before 2024.\n\n - The Consumer Price Index ascended by 0.3% in December, a slight increase from November, with a 3.4% annual rise, signaling a steady pace of inflation particularly within the services sector.\n\n - Shelter costs, a significant factor in the CPI rise, displayed sturdiness against predictions of decline, contributing to the stubborn core inflation rates that remain above the Federal Reserve's target.\n\nhttps://www.axios.com/2024/01/11/sticky-inflation-problem",
"sig": "67ca6a2ab2a718402059cdefd69c687c9682525724386fcf8b21df882ef9189a28daeee81d682f671c212b492e7490ccbb32874ca5bd4855c670654b5afd0a34"
}