America's final inflation report for 2023 just came in
New York (CNN) -- US consumer prices rose 3.4% annually to close out 2023, capping a year of sizeable progress on efforts to rein in decades-high inflation.
Posted — UpdatedThe Consumer Price Index rose 0.3% in December, ending 2023 with an annual inflation rate of 3.4%, according to Bureau of Labor Statistics data released Thursday.
Economists were expecting prices to rise moderately for the month at 0.3% and for the annual overall inflation rate to tick higher to 3.2% from the 3.1% headline reading the month before, according to FactSet consensus estimates.
This is a developing story and will be updated.
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