US Inflation Rises for 3rd Straight Month, Driven by Higher Energy, Shelter Costs

By Andrew Moran The U.S. annual inflation rate increased for the third straight month in December 2024, finishing 2024 slightly below 3 percent as energy and shelter drove much of last month’s jump. According to the Bureau of Labor Statistics (BLS), the annual inflation rate rose to 2.9 percent from 2.7 percent in November 2024. […]