Prices rose 2.7% in December from a year ago, a sign that inflation continues rising but in line with the pace seen in recent months.

Tuesday’s data revealed that the cost of living for Americans ticked higher in December as the consumer-price index rose 0.3% last month, leaving the annual rate of inflation at 2.7%, well above the Federal Reserve’s 2% target.

U.S. consumer prices increased in December, lifted by higher costs for rents and food as some of the distortions related to the government shutdown that had artificially lowered inflation in November unwound,

In December, US headline consumer price inflation rose at an annual rate of 2.7 per cent, flat on November’s figure and in line with market expectations. On a monthly basis, headline CPI rose 0.3 per cent, also in line with expectations.

Traders are digesting a report on December consumer price inflation, new tariffs targeting Iran, and the kickoff of earnings season.

With inflation remaining higher than normal, these practical strategies can help you save money, adjust your spending, and protect your budget.

Good morning. Today’s most important economic data readout, the Consumer Price Index is just out — and it’s looking pretty good. In the month of December, inflation rose 0.3% month-over-month to 2.7% on the year. And even better, the Core Inflation rate grew just 0.2% to 2.6% year-over-year.

New CPI report fuels political battle over affordability as Republicans and Democrats clash ahead of midterm elections, with inflation holding at 2.7%.