CPI Inflation Ticked Up To 2.9% In December—Highest Since July As Economists Note Stalling Progress
1. December inflation was 2.9%, highest since July. 2. Core inflation stood at 3.2%, better than estimates. 3. Inflation pressures continue despite Fed's rate hikes. 4. Goldman Sachs forecasts core CPI at 2.7% by 2025. 5. Policy changes could stall progress on inflation.