Inflation Pressures Persist as Energy Costs Surge in December
Jan 15, 2025

Inflation Pressures Persist as Energy Costs Surge in December

The month of December saw a sharper increase in the cost of living as energy prices surged, impacting household budgets and fueling inflation concerns. For detailed insights and analysis, the original article on Yahoo Finance offers an in-depth examination. According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose by 2.9% annually in December, up from 2.7% in November, marking the fastest annual pace since July.

IndexBox data indicates that the energy sector, particularly gasoline, played a significant role in this surge, with prices rising by 4.4% over the month, contributing more than 40% to the overall CPI increase. This aligns with Dow Jones Newswires and The Wall Street Journal's survey of economists, which anticipated a monthly price rise of 0.4%, slightly above their 0.3% expectation.

However, the rise in 'core' prices, which exclude food and gas, was more tempered, increasing by 0.2% over the month and 3.2% annually. This slower pace is a relief for economists and policymakers who monitor core prices to understand inflation trends, unaffected by the volatility of food and energy costs.

The cooler core inflation offers some optimism for lower interest rates on various loans and credit. The Federal Reserve is expected to maintain steady rates in January, following previous rate cuts. Despite softer-than-anticipated inflation data undermining fears of its resurgence, there is still a growing belief among financial markets, now pricing a 15% chance, down from 26%, that further rate cuts may not occur by year's end, according to the CME Group's FedWatch tool.

Source: IndexBox Market Intelligence Platform

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  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

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  3. 3. MARKET OVERVIEW

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    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
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    • United States
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  12. LIST OF TABLES

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    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
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    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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