U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures (PCE) price index rose 0.

The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation trends indicated some progress in the fight to rein in price hikes.

If you take energy and food out of the equation, annual inflation has been sitting around 2.7 or 2.8% since July. Also: a look at consumer spending on durable goods.

The PCE price index accelerated for the third month in a row, to 2.6% year-over-year in December, the worst increase since May 2024. Click to read.

The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts. That may be broadly good news for the Fed.

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On a three-month annualised basis — seen as a more accurate picture of the trajectory of inflation — the core PCE price gauge rose 2.2pc, the least since July.

Buying produce in season is another great way to save money. Seasonal fruits and vegetables are often priced lower due to their abundance. For instance, berries are more affordable in the summer, while root vegetables like sweet potatoes and squash tend to be less expensive in the fall.

Core consumer prices in Japan's capital rose 2.5 per cent in January from a year earlier, data showed on Friday, keeping alive market expectations for further interest rate hikes.The increase in the Tokyo core consumer price index (CPI),

Sri Lanka’s consumer prices fell by 4.0 percent in January, the highest deflation rate since July 1960, official data showed yesterday, as the South Asian nation emerges from its worst economic meltdown.