Prices rise 0.3% in December
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Marketplace
4.5 • 1.4K Ratings
🗓️ 11 January 2024
⏱️ 1 minutes
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Summary
Stocks close flat; inflation up 3.5% over the last year; rent inflation data could lag behind actual rent slowdown; unemployment claims fall slightly.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks didn't do much on Thursday. The Dow barely moved up, |
| 0:08.4 | the S&P barely moved down, and the NASDAQ didn't move at all. |
| 0:13.0 | The prices consumers paid for goods and services rose in December, |
| 0:17.0 | up 3 tenth percent from the month before, |
| 0:19.0 | according to the Labor Department, |
| 0:20.0 | and up almost 3.5 percent from the same time a year ago. Prices were up |
| 0:24.6 | almost 4% when you set aside the volatile food and energy categories. A big |
| 0:30.0 | part of that annual increase is because rent got more expensive. That said, rent inflation |
| 0:34.7 | in the CPI report reflects leases that were signed a while ago, and other reports have found that rents |
| 0:40.0 | on new leases aren't increasing quite as fast. |
| 0:44.0 | And the number of people signing up for unemployment benefits fell a little last week to |
| 0:47.7 | 200,000, that's according to the Labor Department, continuing claims fell too. I'm Justin Ho with the Marketplace Minute. You're going to. |
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