The increase in the consumer price index for the 25-county region that includes Long Island was fueled in part by the cost of natural gas, electricity and housing.
The report highlighted that food and non-alcoholic beverages accounted for the largest share of the inflationary pressure, ...
The consumer price index rose 2.9% in December from a year ago, Wednesday’s report from the Labor Department showed, up from 2.7% in November.
A benign reading from the Consumer Price Index report assuaged market fears about the path of borrowing costs.
CPI print delivered a much-needed downside surprise, relieving some of the market anxiety that the U.S. economy is at the ...