Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.
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Services index shows big jump in prices for December as companies fear tariffs
The ISM services survey's prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.
Trump reportedly considering important alteration to tariff plans
President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the impact.
UK firms plan price rises as business confidence falls to lowest level since 2022 ‘mini-budget’, survey finds
Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs.
Key Fed inflation measure shows 2.4% rate in November, lower than expected
The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly.
Russian central bank surprises markets by holding key rate at 21%
Russia's central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its...
Bank of England holds rates but vote split surprises markets
Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage...