Ticker: Inflation rose more quickly than expected; Truckers, bus drivers must take tests in English
A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than most Americans would prefer — and faster than the Federal Reserve’s target of 2% a year.
Prices rose 0.4% in December from the previous month, up from 0.2% in November, the Commerce Department said Friday in a report that was delayed by the six-week government shutdown last fall. The monthly increase was the highest since last February. Compared with a year ago, inflation rose 2.9% in December, up from 2.8% in November. That is the largest yearly increase since March 2024.
Core prices — which exclude the volatile food and energy categories — also rose 0.4% in December from the previous month, up from 0.2% in November. That is also the highest since last February. Core prices jumped 3% in December from a year ago, faster than November’s 2.8% increase.
Truckers, bus drivers must take tests in English
All truckers and bus drivers will have to take their commercial driver’s license tests in English as the Trump administration expands its aggressive campaign to improve safety in the industry and get unqualified drivers off the road.
Transportation Secretary Sean Duffy announced the latest effort Friday to ensure that drivers understand English well enough to read road signs and communicate with law enforcement officers. Florida already started administering its tests in English.
