December 2025 CPI flat month‑to‑month, 2.7% year‑over‑year as tariffs and Fed cuts shape outlook
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New CPI data showed consumer prices were unchanged from November to December 2025 (0.0% month‑over‑month) and rose 2.7% year‑over‑year. Market commentators — including a WSJ markets reporter cited on CBS — interpreted the flat monthly reading as they weighed the potential effects of tariffs and the timing of Federal Reserve rate cuts on inflation and markets.
U.S. Inflation and Interest Rates
Trump Tariffs and the Economy
U.S. Inflation and Monetary Policy