What happened? Inflation in the US jumped more than expected in December. The US Consumer Price Index (CPI) rose by 3.4% in December compared to the previous year, reversing the downtrend in the previous three months. Excluding the volatile food and energy components, core inflation maintained its declining trend. In December, core inflation rose by 3.9% compared to the previous year, moderating from an increase of 4% in the previous month. With the mixed signals, this led many investors to ask if US inflation has peaked? Or will we see an acceleration in inflation once again? Let us look at some of key indicators to understand if we inflation might ease off in 2024. Source: CNBC Has US inflation peaked? #1 – Rising housing costs have pushed up inflation A more detailed breakdown shows the main source of inflation in December was housing costs. This housing component rose by 6.2% compared to the previous year,...