{"id":2511,"date":"2025-01-15T14:52:14","date_gmt":"2025-01-15T14:52:14","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=2511"},"modified":"2025-01-15T14:52:15","modified_gmt":"2025-01-15T14:52:15","slug":"cpi-december-2024-usa","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/cpi-december-2024-usa\/","title":{"rendered":"US CPI Surges 0.4% in December 2024"},"content":{"rendered":"\n<p>In December 2024, the US CPI Surges Price Index (CPI) recorded a 0.4% month-over-month rise, marking the most significant increase since March. Energy prices played a pivotal role, surging by 2.6% and contributing over 40% of the overall monthly growth. The primary driver was gasoline, which jumped 4.4%, reflecting the ongoing volatility in global energy markets.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"481\" data-id=\"2515\" src=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/01\/IMG_20250115_174654_436-1024x481.jpg\" alt=\"\" class=\"wp-image-2515\" srcset=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/01\/IMG_20250115_174654_436-1024x481.jpg 1024w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/01\/IMG_20250115_174654_436-300x141.jpg 300w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/01\/IMG_20250115_174654_436-768x361.jpg 768w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2025\/01\/IMG_20250115_174654_436.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-food-and-shelter-costs-continue-to-rise\"><strong>Food and Shelter Costs Continue to Rise<\/strong><\/h2>\n\n\n\n<p>Food prices climbed by 0.3% in December, matching the increase in shelter costs. Rising grocery bills and housing expenses have been persistent contributors to inflation, impacting the average household budget. These steady increases highlight the ongoing challenges of affordability for many families across the country.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-additional-price-hikes-in-key-sectors\"><strong>Additional Price Hikes in Key Sectors<\/strong><\/h3>\n\n\n\n<p>Other sectors also experienced notable price increases. Airline fares rose by 3.9%, reflecting seasonal travel demand, while used cars and trucks saw a 1.2% uptick. New vehicle prices edged up by 0.5%, and modest increases were observed in motor vehicle insurance and medical care, both rising 0.1%.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Read More : <a href=\"https:\/\/otetmarkets.com\/blog\/news\/us-retail-sales-show-robust-growth-in-november-2024\/\">US Retail Sales Show Robust Growth in November 2024<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-declines-in-personal-care-and-communication\"><strong>Declines in Personal Care and Communication<\/strong> <\/h3>\n\n\n\n<p> Despite the overall rise, some categories saw declines, providing minor relief for consumers. Personal care products dropped by 0.2%, while communication services and alcoholic beverages also saw slight decreases. These reductions, however, were insufficient to offset the broader inflationary pressures seen across other sectors.<\/p>\n\n\n\n<p><a href=\"https:\/\/tradingeconomics.com\/united-states\/inflation-rate-mom\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In December 2024, the US CPI Surges Price Index (CPI) recorded a 0.4% month-over-month rise, marking the most significant increase since March. Energy prices played a pivotal role, surging by 2.6% and contributing over 40% of the overall monthly growth. The primary driver was gasoline, which jumped 4.4%, reflecting the ongoing volatility in global energy [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,2],"tags":[37],"class_list":["post-2511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-economy-news","category-news","tag-financialnews"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=2511"}],"version-history":[{"count":4,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2511\/revisions"}],"predecessor-version":[{"id":2516,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/2511\/revisions\/2516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/2517"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=2511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=2511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=2511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}