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Consumer prices surged 8.6% last month from a year earlier, faster than April's year-over-year increase of 8.3%, the Labor Department said Friday. The new inflation figure, the highest since 1981 ...
To combat inflation, officials on the Federal Reserve have lifted borrowing costs from a rock-bottom level of near-zero percent to a 23-year high of 5.25-5.5 percent. Yet, the U.S. economy has ...
Inflation last month returned to the 40-year high it hit earlier this summer after food prices soared. The Office for National Statistics (ONS) said Consumer Prices Index inflation reached 10.1% ...
Inflation rate, United States and eurozone, January 1960 through June 2024. ... In the UK, inflation reached a 40-year high of 10.1% in July 2022, ...
Concern about rising prices tracks inflation itself, which reached a 40-year high of 9.4% in June, while economists fear it could end up exceeding 10%. (PA Graphics)
The U.S. inflation rate accelerated in January to 7.5 percent, with prices across a wide range of goods and services rising amid lingering shortages and supply chain disruptions.
Economists expect the latest official data to reveal Consumer Prices Index inflation jumped to 10.7% last month from 10.1% in September. Inflation set to leap to new 40-year high after eye ...
The U.S Labor Department reported Thursday that the consumer price index – a key gauge on inflation rates — rose 7.5% from a year ago. The cost of food, housing and energy have shot up the ...