Key Inflation Metric Hits 3 Percent, Despite Trump's Claim That Rising Prices Are 'Solved'

Inflation is stubbornly refusing to be vanquished by presidential edict.

Companies are getting hit by rising prices, just like consumers

Service prices jumped in December while prices for goods stayed the same, thanks to a decline in energy costs.
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The Producer Price Index suggests more inflation could be ahead

The Producer Price Index (PPI) for final demand increased 0.5% in December, following gains of 0.2% in November ...

US producer prices post biggest gain in five months, businesses passing on tariffs

U.S. producer prices increased by the most in five months in December amid some pass-through from import tariffs, suggesting ...