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Annual inflation increased to 8.3% in August 2022, in part due to rising grocery prices. [154] In September, the Fed increased the interest for a fifth time in the year reaching a 14-year high. [155] In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [156]
Core inflation, which excludes volatile food and energy items and is watched more closely by the Federal Reserve because it reflects more sustainable trends, increased a modest 0.2% following four ...
So the Fed has radically changed course by imposing a succession of large rate hikes. The central bank is making a high-risk bet that it can slow the economy enough to rein in inflation without ...
Even if you toss out volatile food and energy prices, so-called core inflation jumped 6% over the past year. That was also the sharpest such jump in four decades. Consumers felt the price squeeze ...
Food and gas prices were up sharply, housing costs rose in the double-digits, and life quickly became much more expensive. So while a 3.1% inflation rate isn’t too bad, it is on top of several ...
Recessions bring job losses, sinking stock prices, economic anxiety and hard times — but there might be no other way. “Inflation is driven by an increase in money supply and the velocity of ...
The more frequent extreme weather caused by climate change is leading to higher risk for insurance companies, which has led them to increase their prices, according to a study from Bankrate. Over ...
So far this year, inflation has moderated but remains stubbornly above the Federal Reserve's 2% target on an annual basis, pressured by hotter-than-expected readings on monthly "core" price ...