If you’re waiting for relief from high interest rates, you’ll have to wait a bit longer.
The report showed that prices rose by 2.9% annually in December, as most experts expected.
The gas index rose 4.4% month over month, compared to November’s 0.6% increase.
Piped gas also increased 2.4% for the month.
EconomistRobert Frysays he doesn’t expect the Fed to make another rate cut until the end of this year.