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And it also gave a hint of how large-scale events could cause short-term spikes in certain prices. Notably, egg prices jumped higher last month, this time by 8.4% as a deadly bird flu cripples ...
Prices were up 0.5% from December, the largest month-over-month increase since October 2022. Eggs had the largest monthly price jump, up 15.2% after the H5N1 bird flu disrupted egg production.
Overall inflation climbed 0.3% in December from the previous month, driven higher by a jump in gas prices. Monthly increases at that level, if they continued, would exceed the Fed's target.
On Wednesday, the national average price for gasoline hovered around $3.16 per gallon, $0.04 higher than a month ago and $0.11 lower than exactly one year ago, according to AAA data.
Measured month to month, prices climbed 0.3% from October to November, the biggest such increase since April. US inflation ticked up last month as some price pressures remain persistent Skip to ...
Consumer prices were up 2.7% for the 12 months ended in November, moving higher from the 2.6% annual increase seen in October and marking the highest annual rate since July, according to the ...
But those in a lower-cost state are probably looking at under 12.5 cents per kWh, making winter bills less brutal (but still higher than right now). Projected High- and Low-Cost States for January: