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A customer pays cash for a container of fresh fruit from a street vendor along Hollywood Blvd on July 13, 2022, in Los Angeles, California. US consumer price inflation surged 9.1 percent over the ...
The Fed did cut its benchmark rate Wednesday by a quarter point to about 4.3%, after its larger-than-usual half-point rate cut in September and a quarter-point reduction in November. The Fed tends to favor the PCE index over the better-known consumer price index. The PCE index tries to account for changes in how people shop when inflation jumps.
The final CPI release before the Fed's meeting is expected to be released at 8:30 a.m. ET on Wednesday. Wall Street economists expect headline inflation rose 2.7% annually in November, an increase ...
The Bureau of Labor Statistics’ latest Consumer Price Index (CPI) report, which uses a basket of consumer goods and services to measure inflation, saw an increase of 0.3 percent in November and ...
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.
The consumer price index released on September 11 showed consumer prices rose 2.5% year over year in August, down from 2.9% in July — the lowest index reading since March 2021.
The consumer price index rose 0.3% last month, the largest gain since April after advancing 0.2% for four straight months, the Labor Department's Bureau of Labor Statistics said.
The Blue Chip Economic Indicators survey provides forecasts for this year and next from each panel member, plus and average, or consensus, of their forecasts for each of these variables associated with the economy of the United States: [1]