Watch CBS News

Inflation up 2.9% year-over-year in latest CPI report

The latest consumer price index report shows inflation rose 2.9% year-over-year in December, marking three months of consecutive increases. Experts are warning of delays in interest rate cuts and possibly even rate hikes. CBS News MoneyWatch correspondent Kelly O'Grady has more.
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.