Australia's final demand producer price index rose 0.8% quarter-on-quarter in Q4 2024, missing market expectations of 1.0%, which had been an upwardly revised figure for Q3, and marking the softest increase since Q2 2023,

Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.

WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts.

Germany's producer prices grew at a faster pace in December largely due to higher capital goods prices, data from Destatis showed on

A leading indicator of Japan's service-sector inflation hit 2.9% in December as prices rose for a broad range of services such as accommodation and transportation, data showed, keeping alive expectations of further interest rate hikes by the central bank.

The Producer and Import Price Index remained unchanged in December 2024 compared with the previous month, at 106.3 points (December 2020 = 100). Compared with December 2023, the price level of the whole range of domestic and imported products fell by 0.

The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier, up from a 2.4% annual pace in November and the third straight increase.

The Federal Reserve's preferred measure of inflation picked up in December, pushing the central bank's goal of a 2% annual rate farther into the distance.

The PCE Price Index year over year rose 2.6% in December, in line with forecasts and following an increase of 2.4% in November. Core PCE year over year rose 2.8% in December, in line with forecasts and following an increase of the same amount in November.

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 0.7% in December after an upwardly revised 0.6% rise in November. Spending was previously reported to have gained 0.4% in November.

The personal consumption expenditures price index for December was expected to show a 2.6% increase on an annual basis