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The Bureau of Labor Statistics released its December Consumer Price Index (CPI) at 8:30 a.m. ET on Thursday. ... 2023 at 12:48 PM. Inflation rose at a slower rate again in the final month of 2022, ...
Prior to December's print, core CPI had been stuck at a 3.3% annual gain for the past four months. It was the first time since July that year-over-year core CPI saw a deceleration in price growth.
The Consumer Price Index, a basket of goods and services typically bought by consumers, tracks the change in those prices over time. ... of 9.1% in June 2022. Yet the Fed has struggled with the ...
On January 5, 2023, the Philippines rapidly increased to a record-breaking 8.1% inflation from December 2022. [228] [229] In October 2022, the Japanese yen touched a 32-year low against the U.S. dollar, mainly because of the strength of the latter. [230] [231] In November, the Japanese core inflation rate reached a 41-year high of 3.7%. [232]
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
Since 1996 the United Kingdom has also tracked a Consumer Price Index (CPI) figure, and in December 2003 its inflation target was changed to one based on the CPI [39] normally set at 2%. [40] Both the CPI and the RPI are published monthly by the Office for National Statistics. Some rates are linked to the CPI, others to the RPI.
Food price inflation slowed in December 2022, although it continues to rise at a higher rate than most consumer goods, while prices of meat, poultry and eggs shot up for the month after declining ...
December 31, 2022 at 1:30 PM. ... With the latest data in the Consumer Price Index, released by the U.S. Bureau of Labor Statistics on Tuesday, Dec. 13, groceries went up by 0.5% as of November ...