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Friday's data did contain one sign of still-persistent inflation: Year-over-year inflation edged up to 2.4% in November from 2.3% in October and above the Fed’s 2% inflation target.
"The money supply, by the way, is growing at 2.6% year-over-year, and that's below Hanke's golden growth rate of 6%, which is consistent with hitting a 2% inflation target," he told CNBC. "So ...
Then, on Thursday, the "core" Producer Price Index (PPI) revealed prices increased by 3.1% in October, up from 2.8% the month prior and above economist expectations for a 3% increase.
In 2007, the BPP initiated Inflación Verdadera, a project that provided a daily inflation gauge for Argentina, serving as an alternative to the official consumer price index which was manipulated by the government during 2007-2016. Within the same framework, in May 2017 the BPP began experimenting with crowd-sourcing and mobile technologies to ...
The term "fan chart" was coined by the Bank of England, which has been using these charts and this term since 1997 in its "Inflation Report" [1] [2] to describe its best prevision of future inflation to the general public. Fan charts have been used extensively in finance and monetary policy, for instance to represent forecasts of inflation.
Inflation, or the rate at which prices for goods and services change over time, has cooled since it reached a 40-year peak of 9.1% in June 2022. ... The Fed expects to continue cutting rates next ...
An August 2024 survey of inflation expectations showed consumers predicting 2.3% average inflation over the next three years, the lowest figure since the survey was created in 2013. [186] Following Trump's tariff threats, long-term inflation expectations rose to 3.3 percent in January 2025 from 3.0 percent in December, the highest level since ...
Estimates were for an annual increase of 2.6%, down from 2.9% in July. Food price growth slowed to 2.1%, its lowest level since at least May 2021; while gasoline prices declined more than 10% year ...